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Playa Hotels & Resorts (PLYA)
:PLYA
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.36Last Year’s EPS
0.4Same Quarter Last Year
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: 0.30%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed sentiment. On the positive side, the agreement with Hyatt and strong fourth-quarter performance were significant achievements, along with improvements in direct booking and guest mix. However, the impact of Hurricane Barrel, challenges in Jamaica, and construction disruptions in the Pacific Coast posed notable challenges.Company Guidance
During the fourth quarter of 2024, Playa Hotels & Resorts exceeded expectations despite numerous challenges, including Hurricane Barrel and construction disruptions on the Pacific Coast. The company's owned resort EBITDA reached $67.1 million, bolstered by $1.1 million in business interruption insurance proceeds and a $2 million foreign currency exchange tailwind, contributing to a 200 basis points margin improvement. Despite a 15% decrease in underlying owned resort EBITDA growth, segments like the Dominican Republic reported a 9% profit increase, while Jamaica faced a significant 50% decline in resort EBITDA. Revenue from direct bookings increased to 47.6% of transient revenues, reflecting a strategic focus on direct channels. Additionally, Playa repurchased approximately $25 million in stock, marking a cumulative $376 million since September 2022, and capital expenditures for the year were lower than anticipated. The company's guest mix saw improvements from South American, European, and Canadian visitors, with efforts to normalize their American guest mix to pre-pandemic levels.Agreement with Hyatt Hotels Corporation
Playa Hotels & Resorts entered into an agreement with Hyatt Hotels Corporation, where Hyatt will acquire all outstanding shares of Playa for $13.50 per share in cash. This transaction is considered an outstanding result for shareholders.
Strong Fourth Quarter Performance
Results exceeded expectations due to strong demand across all segments and a phenomenal holiday season. Owned resort EBITDA was $67.1 million, with better than expected ADR growth in the Pacific Coast, Yucatan, and Dominican Republic.
Increase in Direct Booking
During Q4 2024, 47.6% of Playa owned and managed transient revenues were booked direct, up 30 basis points year over year. The direct sourcing mix improved by over 20 percentage points compared to 2019, enhancing competitive advantage.
Geographical Guest Mix Improvement
South American, European, and Canadian guest mix improved significantly year over year, with European and South American guest mix at 175% versus pre-pandemic levels.
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PLYA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PLYA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 25, 2025 | $13.31 | $13.34 | +0.23% |
| Nov 06, 2024 | $9.02 | $9.68 | +7.32% |
| Aug 05, 2024 | $7.64 | $7.53 | -1.44% |
| May 06, 2024 | $9.43 | $9.24 | -2.01% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Playa Hotels & Resorts (PLYA) report earnings?
Playa Hotels & Resorts (PLYA) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Playa Hotels & Resorts (PLYA) earnings time?
Playa Hotels & Resorts (PLYA) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PLYA EPS forecast?
PLYA EPS forecast for the fiscal quarter 2025 (Q1) is 0.36.
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