Park Hotels & Resorts Inc reports results for the quarter ended September 30 - Earnings Summary

• Park Hotels & Resorts Inc PK.N reported a quarterly adjusted loss of 9 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of -8 cents. The mean expectation of nine analysts for the quarter was for earnings of 3 cents per share. Wall Street expected results to range from -1 cents to 10 cents per share.

• Revenue fell 1.3% to $602.00 million from a year ago; analysts expected $600.11 million.

• Park Hotels & Resorts Inc's reported EPS for the quarter was a loss of 10 cents​.

• The company reported a quarterly loss of $18 million.

• Park Hotels & Resorts Inc shares had risen by 8.4% this quarter and gained 59.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.1% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy," 10 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the specialized reits peer group is "buy."

• Wall Street's median 12-month price target for Park Hotels & Resorts Inc is $16.00, about 6% below its last closing price of $16.96

This summary was machine generated from LSEG data November 4 at 11:56 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)