RHP Earnings Prediction
The chart below shows how RHP performed 10 days before and after its earnings report, based on data from the past quarters. Typically, RHP sees a -0.57% change in stock price 10 days leading up to the earnings, and a +0.32% change 10 days following the report. On the earnings day itself, the stock moves by -0.17%. This data can give you a slight idea of what to expect for the next quarter's release.
RHP Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
549.96M
4.06%
-10.33%
Gross Margin
21.18%
-0.24%
-27.24%
Operating Margin
19.25%
-0.16%
-29.74%
Net Margin
10.98%
42.23%
-35.71%
EPS
0.92
41.54%
-42.14%
No Data Available
RHP Earnings Analysis
Ryman Hospitality Properties, Inc Corporation (RHP.N) Earnings Conference Call
Positive
Record Third Quarter Revenue: 1. Record Revenue: Ryman Hospitality Properties achieved a consolidated total revenue of $550 million in Q3 2024, marking a 4.1% increase year-over-year and setting a new record for the third quarter.
Record Adjusted EBITDA Growth: 2. Strong Adjusted EBITDA: The company reported a record third quarter consolidated adjusted EBITDAre of $175 million, which is a 2.3% increase compared to the previous year.
Hospitality Revenue Growth: 3. Hospitality Segment Growth: The same-store hospitality segment experienced a 2.1% year-over-year growth in RevPAR and a total RevPAR growth of 4.2%, with an ADR of $245, up 6.2% year-over-year.
Record Revenue Growth: 4. Increased Group Revenue: Same-store group rooms revenue reached a record high, increasing by 6.8% year-over-year, with banquet and AV revenue also setting a record, up nearly 16%.
Strong Financial Flexibility: 5. Robust Cash Position: The company ended the quarter with $535 million in unrestricted cash and total available liquidity of approximately $1.3 billion, providing strong financial flexibility for future investments.
Negative
Leisure Market Challenges: 1. Leisure Market Weakness: Continued softness in leisure transient demand in the Nashville and Orlando markets negatively impacted profitability, with a year-over-year reduction in attrition and cancellation fees amounting to $4 million.
Room Night Production Drop: 2. Room Night Production Decline: Room night production decreased approximately 16% year-over-year due to the timing of large bookings, despite a rebound in October showing a 75% increase year-over-year.
EBITDA Guidance Revision: 3. Revised EBITDA Guidance: The midpoint of the full year 2024 consolidated adjusted EBITDAre guidance was revised down by $5 million, reflecting ongoing leisure softness and construction disruptions.
Construction Disruption Impact: 4. Incremental Construction Disruption: The ongoing renovations at Gaylord Palms and the impact of Hurricane Milton contributed to the downward revision in guidance, indicating operational challenges.
Entertainment Segment Challenges: 5. Entertainment Segment Disruption: The Entertainment segment faced disruptions from construction at the W Austin Hotel and Category 10, leading to a lower midpoint in adjusted EBITDA guidance for the segment.
RHP FAQs
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RHP Earning Call Sentiment
Ryman Hospitality Properties, Inc. (RHP) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
RHP.N
-1.33%Positive
The earnings call summary indicates strong financial performance with record high revenues in several segments, a significant dividend increase, and promising expansion plans. Despite economic pressures and competitive challenges, the company shows resilience with strategic capital investments and positive EBITDA growth. The Q&A section reveals confidence in future growth and effective management of labor costs. Overall, the company's strategic initiatives and solid financial metrics suggest a positive stock price movement in the short term.
