PLYA Earnings Prediction
The chart below shows how PLYA performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PLYA sees a +0.90% change in stock price 10 days leading up to the earnings, and a -0.26% change 10 days following the report. On the earnings day itself, the stock moves by -1.05%. This data can give you a slight idea of what to expect for the next quarter's release.
PLYA Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
181.62M
-13.66%
-22.09%
Gross Margin
24.69%
-15.47%
-33.63%
Operating Margin
-2.74%
-145.67%
-117.30%
Net Margin
-1.51%
-69.74%
-126.73%
EPS
-0.02
-71.43%
-120.00%
No Data Available
PLYA Earnings Analysis
Playa Hotels & Resorts N.V. Ordinary Shares Corporation (PLYA.O) Earnings Conference Call
Positive
Owned Resort EBITDA Growth: 1. Strong Owned Resort EBITDA: Playa's owned resort EBITDA reached $36.6 million in Q3 2024, benefiting from $700,000 in business interruption insurance proceeds, showcasing resilience despite challenges.
Fee Income Increase: 2. Increased Fee Income: The company reported $1 million in higher fee income driven by the continued ramp of the Playa Collection, indicating strong operational performance.
Foreign Currency Benefit: 3. Favorable Foreign Currency Impact: A favorable foreign currency exchange tailwind of approximately $2.9 million positively impacted results, contributing 170 basis points to owned resort EBITDA margins.
Share Repurchase Program: 4. Significant Share Repurchases: Playa repurchased approximately $50 million worth of stock in Q3 2024, totaling around $375 million or 29% of shares outstanding since resuming the program in September 2022.
Guest Mix Enhancement: 5. Improving Customer Mix: The company saw a meaningful improvement in its guest mix, with European and South American guests at approximately 175% to 200% of pre-pandemic levels, enhancing revenue potential.
Negative
EBITDA Decline Analysis: 1. Significant EBITDA Decline: Underlying owned resort EBITDA growth was down approximately 36% in Q3 2024 for the total portfolio, and down approximately 39% for the legacy portfolio, primarily due to Hurricane Barrel and construction disruptions.
Occupancy Rate Decline: 2. Occupancy Rate Drop: Occupancy declined 270 basis points year-over-year in Q3 2024, leading to a currency-neutral margin decline of approximately 450 basis points year-over-year.
Business Interruption Decline: 3. Negative Impact from Business Interruption: Business interruption proceeds received in Q3 2024 were $700,000, down from $1 million in Q3 2023, resulting in a net headwind of approximately 10 basis points on a year-over-year basis.
MICE Business Decline: 4. Declining MICE Business: The 2025 net MICE group business on the books is approximately $45 million, reflecting a decline compared to the previous year, attributed to renovation work and the lapping of a large group buyout.
High Debt Levels: 5. High Leverage Ratio: The company finished the quarter with a total outstanding interest-bearing debt of $1.08 billion, resulting in a net leverage ratio of 3.3 times, indicating a high level of debt relative to earnings.
PLYA FAQs
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PLYA Earning Call Sentiment
Playa Hotels & Resorts N.V. (PLYA) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
PLYA.O
-0.22%Positive
The earnings call reveals mixed signals: strong share repurchase program, optimistic festive season bookings, and slight ADR growth are positives. However, the decline in EBITDA, occupancy, and MICE business, along with rising costs and competitive challenges, are negatives. The Q&A section highlighted management's cautious outlook and lack of specific guidance, particularly for 2026. Given the small-cap nature, the stock price is likely to react but remain within the neutral range due to balanced positive and negative factors.
