Experiential tourism company Pursuit Attractions and Hospitality (NYSE: PRSU) will be reporting results tomorrow afternoon. Here’s what to expect.
Pursuit beat analysts’ revenue expectations by 8.8% last quarter, reporting revenues of $45.8 million, down 84.3% year on year. It was a stunning quarter for the company, with a solid beat of analysts’ EPS estimates and full-year EBITDA guidance exceeding analysts’ expectations.
Is Pursuit a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Pursuit’s revenue to decline 85.8% year on year to $38.95 million, a reversal from the 4.9% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.73 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Pursuit has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 5.9% on average.
Looking at Pursuit’s peers in the travel and vacation providers segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Hyatt Hotels posted flat year-on-year revenue, beating analysts’ expectations by 2%, and Playa Hotels & Resorts reported a revenue decline of 11.1%, in line with consensus estimates. Hyatt Hotels traded up 9.2% following the results while Playa Hotels & Resorts’s stock price was unchanged.
Read our full analysis of Hyatt Hotels’s results here and Playa Hotels & Resorts’s results here.
There has been positive sentiment among investors in the travel and vacation providers segment, with share prices up 12.7% on average over the last month. Pursuit’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $55 (compared to the current share price of $29.72).
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