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Pursuit Attractions and Hospitality (PRSU)
NYSE:PRSU
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-1.5Last Year’s EPS
-0.79Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: -3.97%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance in the third quarter, with substantial revenue and EBITDA growth across Pursuit and GES. Strategic acquisitions and the upcoming sale of GES are expected to position Pursuit for continued growth. However, the call also acknowledged challenges due to wildfires impacting the Jasper operations, which affected revenue and EBITDA. Despite these challenges, the overall sentiment remains positive given the company's strategic initiatives and growth prospects.Company Guidance
During the third quarter earnings call for Viad Corp. (VVI), the executives provided updates and guidance on various metrics. Pursuit achieved third-quarter revenue of $182.3 million with an adjusted EBITDA of $86.3 million, marking a 47.4% EBITDA margin. Despite a $21.9 million revenue decline in Jasper due to wildfires, attractions ticket and room revenues outside Jasper grew by 16% and 9%, respectively. GES reported consolidated revenue of $273.4 million and adjusted EBITDA of $20.2 million, with a margin of 7.4%. The company revised its 2024 full-year guidance, increasing GES's expected adjusted EBITDA to $90-$95 million and Pursuit's to $87-$92 million, resulting in a consolidated EBITDA range of $163-$172 million. GES's pending sale is anticipated to finalize by year-end, positioning Pursuit as a standalone high-growth entity. The company highlighted $6 million in insurance recoveries from the Jasper disruptions and plans to fund growth initiatives with the transaction proceeds.Strong Performance in Pursuit and GES
Pursuit's adjusted EBITDA near the high end of guidance range. GES adjusted EBITDA above guidance with impressive revenue growth and margin improvement.
25% Revenue Increase
Revenue of $455.7 million increased by 25% year-over-year, with consolidated adjusted EBITDA rising by $16.9 million.
Successful Acquisition and Strategic Growth
Completed a $15.9 million tuck-in acquisition for Pursuit's Glacier Park Collection. Pursuit is on track to complete the transformative sale of GES, establishing itself as a high-growth, high-margin business.
Significant Revenue Growth in GES
GES revenue increased by $94.5 million, with Spiro revenue up 40% year-over-year and GES Exhibitions revenue up 60%.
Strong Cash Generation
Generated $110 million of cash from operations, spent $15 million on capital expenditures, and repaid $94 million of debt.
Positive Future Outlook for Pursuit
Pursuit's 2025 adjusted EBITDA expected to exceed $100 million, with the potential for strong growth through acquisitions and organic growth opportunities.
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Pursuit Attractions and Hospitality (PRSU) Earnings, Revenues Date & History
PRSU 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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PRSU Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $41.54 | $44.53 | +7.20% |
| Aug 06, 2024 | $30.86 | $32.46 | +5.18% |
| May 02, 2024 | $35.29 | $34.20 | -3.09% |
| Feb 08, 2024 | $33.41 | $33.09 | -0.96% |
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 Pursuit Attractions and Hospitality (PRSU) report earnings?
Pursuit Attractions and Hospitality (PRSU) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Pursuit Attractions and Hospitality (PRSU) earnings time?
Pursuit Attractions and Hospitality (PRSU) earnings time is at Feb 06, 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 PRSU EPS forecast?
PRSU EPS forecast for the fiscal quarter 2024 (Q4) is -1.5.
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