Despite a bleak future, MGM is confident that the healthy cash reserve on its balance sheet will serve as a lifeboat in the coming months.
As countries approach various phases of reopening, Marriott is likely to see hotel occupancy rates go up. For the quarter to be reported, the Zacks Consensus Estimate for earnings per share is pegged at 6 cents, indicating a decline of 62.5% year over year.
Copyright 2020 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Market capitalization: Around $800 millionYear-to-date performance (through 4/9/20): -36.1%YTD S&P 500 performance: -13.6%. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Market cap: $579 millionYTD performance: -34.3%YTD S&P 500 performance: -13.6%.
If you wish to go to ZacksTrade, click OK. Zacks Equity Research In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate by 1.3%. Kinsale Capital Gains 73% YTD: Is There More Room for Upside? How Severely will Coronavirus Affect Hyatt's Q1 Earnings? If you don’t have a place to stay this summer as you travel the country, these are some of the better places to stop over -- not to mention the best hotel stocks to buy. There is truth to this sentiment because the lockdown has created a lot of pent-up demand for travel in the U.S and abroad. While some travelers will stick to domestic destinations, close to home, others have the ability to venture across the globe. WYNDHAM DESTINATIONS, INC. Price and EPS Surprise, WYNDHAM DESTINATIONS, INC. price-eps-surprise | WYNDHAM DESTINATIONS, INC. Quote. Visit www.zacksdata.com to get our data and content for your mobile app or website. Here are 3 hotel stocks to buy as tourism rebounds: While tourism revenue is unlikely to reach pre-pandemic levels, hotels around the world are staffing up to welcome the influx of summer tourists. Market Wrap: Bitcoin Hits $10.7K; Options Market Likes Sub-$360 Ether, Three East African countries are merging their stock markets to boost local investment, Canadians Earn Big With New Online Payout System. Another hotel stock that’s high on analysts’ recovery list is Marriott. Privacy Policy | No cost, no obligation to buy anything ever. You can see the complete list of today’s Zacks #1 Rank stocks here. According to the proven Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. As of this writing, Divya Premkumar did not own any of the aforementioned stocks. Property insurer Universal Insurance Holdings is a little-known small-cap stock focusing primarily on the Florida market. Meanwhile, hotel industry bigwigs Hilton Worldwide Holdings Inc. (HLT - Free Report) , Hyatt Hotels Corporation (H - Free Report) and Marriott International, Inc. (MAR - Free Report) have withdrawn guidance for 2020 due to the virus outbreak. Revenues are anticipated at $803.6 million, suggesting a decline of 12.5% from $918 million reported in the year-ago quarter.
Although there's greater risk associated with a smaller company like UVE when compared to British American Tobacco, at current levels, it seems the potential reward should more than compensate for that. May 05, 2020, You follow Analyst Blog: Earnings Preview - ESP - edit. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. The company’s Chief Executive Bill Hornbuckle is optimistic about MGM’s future in this region and believes its rebound in China will be swift.