From Investing.com: 2024-05-05 13:01:14

Playa Hotels & Resorts is set to report earnings after the market close. Last quarter, they beat revenue expectations by 8.8%, reaching $242.5 million, a 15% increase YoY. Analysts expect revenue to grow 3.3% to $282.8 million this quarter, with adjusted earnings at $0.33 per share. The majority of analysts are maintaining their estimates, with Playa Hotels & Resorts consistently exceeding expectations over the past two years.

Inflation moved closer to the Fed’s 2% target by the end of 2023, leading to positive stock market performance. However, 2024 has seen volatility due to mixed inflation data, impacting stocks in the hotels, resorts, and cruise lines sector. Playa Hotels & Resorts shares are down 1% in the last month, with an average analyst price target of $12.7.



Read more at Investing.com: What To Look For From PLYA By Stock Story