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Park Hotels & Resorts (PK)
NYSE:PK
Earnings Data
Report Date
May 05, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.15Last Year’s EPS
0.13Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: -0.46%
|Next Earnings Date:May 05, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted Park Hotels & Resorts' strategic asset dispositions and successful redevelopment projects leading to strong performance in certain markets. However, challenges such as labor strikes in Hawaii, RevPAR decline in Q4, and significant debt maturities present concerns. The sentiment is cautiously optimistic with a focus on long-term growth and strategic investments.Company Guidance
During the call, Park Hotels & Resorts Inc. provided guidance for 2025, indicating an anticipated RevPAR growth of 0% to 3%, reflecting challenges from the first quarter and planned closures. The company plans to aggressively pursue $300 to $400 million in non-core asset sales to enhance portfolio quality and reduce debt. Expected EBITDA margins for 2025 are forecasted between 20.1% and 27.7%, with anticipated adjusted EBITDA of $610 million to $670 million and adjusted FFO per share guidance of $1.90 to $2.20. Significant capital investments are planned, including a $100 million renovation of the Royal Palm Resort, anticipated to generate an IRR of 15% to 20% and potentially double the hotel's EBITDA. Group revenue pace at Bonnet Creek is up 15%, and the company expects RevPAR growth in the upper single digits with double-digit EBITDA growth at key resorts. The company remains focused on strategic capital recycling and operational excellence to unlock long-term value.Strategic Asset Dispositions
In 2024, Park Hotels & Resorts strategically divested three hotels for a combined $200 million, improving RevPAR by $3 and EBITDA margin by over 30 basis points. The company plans to target $300 to $400 million in non-core asset sales in 2025 to further enhance portfolio quality and pay down debt.
Successful Redevelopments
The Bonnet Creek Resort in Orlando and Casa Marina Resort in Key West showed strong performance post-improvement. Bonnet Creek's RevPAR increased 17% and EBITDA exceeded $82 million, up 36% from the previous year. Casa Marina's RevPAR increased almost 29% since 2019, with EBITDA up 31% since 2019.
Positive Group Revenue Trends
Group revenue pace at the Bonnet Creek complex is up 15% for 2025, with expectations for continued growth due to new developments like Universal's $6 billion epic theme park opening.
Solid Operational Performance
Park Hotels ended Q4 with strong results, including a 30% RevPAR increase in Orlando and a 77% increase at Casa Marina. The Hilton Chicago saw nearly 15% growth in RevPAR and a 53 basis point improvement in EBITDA margin.
Royal Palm Resort Redevelopment
A $100 million investment is planned for the Royal Palm Resort in South Beach, expected to elevate its market positioning and potentially double its EBITDA post-renovation.
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PK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | $13.09 | $13.03 | -0.46% |
| Oct 29, 2024 | $13.43 | $13.44 | +0.07% |
| Jul 31, 2024 | $14.15 | $13.86 | -2.05% |
| Apr 30, 2024 | $14.90 | $14.75 | -1.01% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Park Hotels & Resorts (PK) report earnings?
Park Hotels & Resorts (PK) is schdueled to report earning on May 05, 2025, TBA Not Confirmed.
What is Park Hotels & Resorts (PK) earnings time?
Park Hotels & Resorts (PK) earnings time is at May 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PK EPS forecast?
PK EPS forecast for the fiscal quarter 2025 (Q1) is 0.15.
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