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Pursuit (PRSU) To Report Earnings Tomorrow: Here Is What To Expect

PRSU Cover Image

Experiential tourism company Pursuit Attractions and Hospitality (NYSE: PRSU) will be reporting results tomorrow afternoon. Here’s what to expect.

Pursuit beat analysts’ revenue expectations by 8.8% last quarter, reporting revenues of $45.8 million, down 84.3% year on year. It was a stunning quarter for the company, with a solid beat of analysts’ EPS estimates and full-year EBITDA guidance exceeding analysts’ expectations.

Is Pursuit a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Pursuit’s revenue to decline 85.8% year on year to $38.95 million, a reversal from the 4.9% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.73 per share.

Pursuit Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Pursuit has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 5.9% on average.

Looking at Pursuit’s peers in the travel and vacation providers segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Hyatt Hotels posted flat year-on-year revenue, beating analysts’ expectations by 2%, and Playa Hotels & Resorts reported a revenue decline of 11.1%, in line with consensus estimates. Hyatt Hotels traded up 9.2% following the results while Playa Hotels & Resorts’s stock price was unchanged.

Read our full analysis of Hyatt Hotels’s results here and Playa Hotels & Resorts’s results here.

There has been positive sentiment among investors in the travel and vacation providers segment, with share prices up 12.7% on average over the last month. Pursuit’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $55 (compared to the current share price of $29.72).

When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.

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