Playa Hotels & Resorts (PLYA) Stock Sinks As Market Gains: What You Should Know
Playa Hotels & Resorts (PLYA) closed at $9.34 in the latest trading session, marking a -0.74% move from the prior day. This change lagged the S&P 500's daily gain of 0.09%. At the same time, the Dow added 0.2%, and the tech-heavy Nasdaq lost 4.87%.
Coming into today, shares of the developer and operator of all-inclusive resorts had gained 7.18% in the past month. In that same time, the Consumer Discretionary sector gained 2.89%, while the S&P 500 gained 3.31%.
Wall Street will be looking for positivity from Playa Hotels & Resorts as it approaches its next earnings report date. This is expected to be May 4, 2023. The company is expected to report EPS of $0.30, up 57.89% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales 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 recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Playa Hotels & Resorts currently has a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, Playa Hotels & Resorts is holding a Forward P/E ratio of 16.8. Its industry sports an average Forward P/E of 21.72, so we one might conclude that Playa Hotels & Resorts is trading at a discount comparatively.
The Hotels and Motels industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 42, putting it in the top 17% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Playa Hotels & Resorts N.V. (PLYA) : Free Stock Analysis Report
