Zacks
0
All posts from Zacks
Zacks in Our Research. Your Success.,

Key Morning Earnings for May 3: GRUB, H, HOT, TAP, S

As Q1 earnings season continues, more and more companies are posting their earnings results. On Tuesday, five big names in the food and beverage, hospitality, and communications industries reported their quarterly earnings before the bell. Let’s take a look.

GrubHub, Inc. GRUB

The online food delivery service company delivered Q1 earnings that were in-line with estimates. Earnings per share of $0.16 (excluding $0.04 from non-recurring items) met the Zacks Consensus Estimate of $0.16 per share. Revenue increased roughly 27% year-over-year to $112.2 million, edging past the consensus estimate of $111.2. Separately, GrubHub announced that it has agreed to acquire LAbite, one of the largest delivery services in the U.S. in order to better compete with other delivery players like Amazon AMZN.

Hyatt Hotels Corp. H

The hospitality giant reported strong Q1 results. Earnings per share came in at $0.25, topping the Zacks Consensus Estimate of $0.24 per share. Revenues came in at $1.09 billion, edging past our consensus estimate of $1.084.9 billion. Comparable system-wide revenue per available room climbed 2.2%. Revenue per available room, or RevPAR, is a key gauge of a lodging company's performance.

Starwood Hotels & Resorts Worldwide, Inc. HOT

One of the world’s largest hotel operator, Starwood reported adjusted Q1 earnings per share of $0.70, easily beating the Zacks Consensus Estimate of $0.58 by 20.7%. Revenues of $1.40 billion beat our consensus estimate of $1.35 billion but marginally decreased 0.8% from the year-ago period. System-wide RevPAR dipped 0.2% internationally, mainly due to RevPAR declines in Latin America, and Africa and the Middle East.

Molson Coors Brewing Company TAP

The popular brewing company delivered impressive Q1 results. Adjusted earnings per share of $0.54 beat the Zacks Consensus Estimate of $0.43 per share by 25.6% and increased 17.4% year-over-year. Revenues of $657.2 million surpassed our consensus estimate of $602 million but declined 6.1% from the year-ago period. Currency had a negative impact of $43.5 million on overall sales in the quarter, which overshadowed the impact of volume growth.

Sprint Corp. S

Sprint, a communications services company, reported mixed fourth quarter fiscal 2015 results. Adjusted earnings per share of $-0.14 was wider than the Zacks Consensus Estimate of a loss of $-0.12 per share. Revenues came in at $8.071 billion, edging past our consensus estimate of $8.002 billion. In the reported quarter, Sprint gained 56,000 postpaid subscribers and 655,000 wholesale customers but lost 264,000 prepaid customers. 

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 DaysClick to get this free report >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
AMAZON.COM INC (AMZN): Free Stock Analysis Report
 
SPRINT CORP (S): Free Stock Analysis Report
 
MOLSON COORS-B (TAP): Free Stock Analysis Report
 
STARWOOD HOTELS (HOT): Free Stock Analysis Report
 
HYATT HOTELS CP (H): Free Stock Analysis Report
 
GRUBHUB INC (GRUB): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research