Playa Hotels & Resorts (NASDAQ:PLYA) is set to give its latest quarterly earnings report on Wednesday, 2021-11-03. Here's what investors need to know before the announcement.
Analysts estimate that Playa Hotels & Resorts will likely report an Earnings Per Share (EPS) of $-0.09
Playa Hotels & Resorts bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Past Earnings Performance
Last quarter the company missed on EPS by -71.43%, which was followed by a 8.66% increase in the share price the next day.
Here's a look at Playa Hotels & Resorts's past performance and the resulting price change:
|Quarter||Q2 2021||Q1 2021||Q4 2020||Q3 2020|
|Price Change %||8.66%||-1.11%||-0.44%||-4.93%|
Shares of Playa Hotels & Resorts were trading at $8.67 as of November 01. Over the last 52-week period, shares are up 100.59%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.
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