Park Hotels & Resorts (NYSE:PK) is set to give its latest quarterly earnings report on Monday, 2022-05-02. Here's what investors need to know before the announcement.
Analysts estimate that Park Hotels & Resorts will report an earnings per share (EPS) of $-0.28.
Park 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).
Here's a look at Park Hotels & Resorts's past performance and the resulting price change:
|Quarter||Q4 2021||Q3 2021||Q2 2021||Q1 2021|
|Price Change %||-2.76%||-2.15%||0.75%||4.0%|
Shares of Park Hotels & Resorts were trading at $20.43 as of April 28. Over the last 52-week period, shares are down 12.18%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.
This article was generated by Benzinga's automated content engine and reviewed by an editor.