Playa Hotels & Resorts (PLYA) Outpaces Stock Market Gains: What You Should Know
Playa Hotels & Resorts (PLYA) closed at $9.11 in the latest trading session, marking a +1.45% move from the prior day. This move outpaced the S&P 500's daily gain of 0.1%. At the same time, the Dow added 0.3%, and the tech-heavy Nasdaq lost 2.19%.
Coming into today, shares of the developer and operator of all-inclusive resorts had lost 0.11% in the past month. In that same time, the Consumer Discretionary sector gained 0.08%, while the S&P 500 gained 3.13%.
Wall Street will be looking for positivity from Playa Hotels & Resorts as it approaches its next earnings report date. On that day, Playa Hotels & Resorts is projected to report earnings of $0.30 per share, which would represent year-over-year growth of 57.89%. Our most recent consensus estimate is calling for quarterly revenue of $249.27 million, up 13.53% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.56 per share and revenue of $913.64 million. These totals would mark changes of +12% and +6.7%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Playa Hotels & Resorts. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Playa Hotels & Resorts currently has a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that Playa Hotels & Resorts has a Forward P/E ratio of 16.04 right now. For comparison, its industry has an average Forward P/E of 20.15, which means Playa Hotels & Resorts is trading at a discount to the group.
The Hotels and Motels industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 36, which puts it in the top 15% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Playa Hotels & Resorts N.V. (PLYA) : Free Stock Analysis Report
