Park Hotels & Resorts Inc reports results for the quarter ended March 31 - Earnings Summary

• Park Hotels & Resorts Inc PK.N reported a quarterly adjusted loss of 29 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 13 cents. The mean expectation of six analysts for the quarter was for earnings of 6 cents per share. Wall Street expected results to range from 2 cents to 14 cents per share.

• Revenue fell 1.4% to $630.00 million from a year ago; analysts expected $612.89 million.

• Park Hotels & Resorts Inc's reported EPS for the quarter was a loss of 29 cents​.

• The company reported a quarterly loss of $57 million.

• Park Hotels & Resorts Inc shares had fallen by 3.9% this quarter and lost 27.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 15.9% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 9 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the specialized reits peer group is also "hold"

• Wall Street's median 12-month price target for Park Hotels & Resorts Inc is $13.00

This summary was machine generated from LSEG data May 5 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)