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 -0.58% change in stock price 10 days leading up to the earnings, and a -0.43% change 10 days following the report. On the earnings day itself, the stock moves by -0.14%. 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
647.63M
2.30%
17.76%
Gross Margin
20.46%
-5.41%
-3.40%
Operating Margin
18.65%
-4.70%
-3.67%
Net Margin
11.16%
-58.40%
1.64%
EPS
1.08
-54.43%
17.39%
No Data Available
RHP Earnings Analysis
Ryman Hospitality Properties Inc Corporation (RHP.N) Earnings Conference Call
Positive
Consolidated Revenue Growth: Consolidated revenue growth of 8% for the full year of 2024, indicating strong overall performance.
EBITDAre Growth Improvement: Consolidated adjusted EBITDAre growth of 10% for the full year, showcasing improved operational efficiency.
AFFO Growth and Cash Flow: Adjusted funds from operation (AFFO) growth of 12% for the full year, reflecting strong cash flow generation.
Record Bookings Achievement: Record bookings production in the fourth quarter with 1.3 million same-store gross group room nights booked for future years, surpassing the previous record by 5%.
Record Average Daily Rate: Fourth-quarter average daily rate (ADR) increased approximately 2% to a new record of $260, indicating strong pricing power.
Record Revenue Achievement: Gaylord Rockies achieved record revenue in December, driven by strong performance and positive reception of renovations.
RevPAR Growth Achievement: JW Hill Country delivered RevPAR and total RevPAR growth of 14% and 27% respectively, driven by successful live programming.
Record Revenue Growth: OEG reported record revenue of $98 million in the fourth quarter, an increase of approximately 12% year over year, indicating strong performance in the entertainment segment.
Strong Liquidity Position: The company has a strong liquidity position with $478 million of unrestricted cash and a total available liquidity of approximately $1.2 billion, providing flexibility for future investments.
Capital Investment Strategy: The company plans to invest approximately $400 million to $500 million in capital projects in 2025, primarily at Gaylord Opryland and Gaylord Texan, supporting long-term growth.
Negative
Q4 Results Below Guidance: Fourth quarter results were marginally below guidance ranges, primarily due to factors impacting the same-store hospitality portfolio in late December.
Leisure Demand Decline: Leisure demand at Gaylord Texan and Gaylord Opryland did not materialize as expected during the peak holiday period, leading to a 19% decline in leisure room nights at Gaylord Texan and a 6% decline at Gaylord Opryland compared to last year.
Consumer Demand Challenges: The company was surprised by the magnitude of underperformance attributed to consumer price sensitivity, normalization of post-COVID demand, and macroeconomic uncertainty.
Quarterly Revenue and EBITDA Growth: Consolidated revenue growth for the fourth quarter was only 2%, with adjusted EBITDAre growth at 1%, both below expectations.
Holiday Season Performance Shortfall: The shortfall in performance during the holiday season drove the majority of the variance to the midpoint of prior guidance for adjusted EBITDAre for same-store hospitality.
Marketing Costs Impact Profitability: Increased marketing costs associated with new programming impacted profitability, despite some properties achieving record revenue.
Construction Disruption Impact: The outlook for 2025 includes a significant estimated impact of construction disruption on RevPAR and adjusted EBITDAre, with a projected $30 million to $35 million impact to adjusted EBITDAre due to larger renovation scopes.
Modest Revenue Growth Anticipated: The company anticipates modest growth in group and leisure revenue relative to 2024, reflecting conservatism around leisure demand and government-related group business.
RHP FAQs
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RHP Earning Call Sentiment
Ryman Hospitality Properties, Inc. (NYSE:RHP) Q4 2024 Earnings Call Transcript
RHP.N
3.28%Positive
The earnings call highlighted several positive aspects: a record ADR, strong group bookings, and an increase in entertainment revenue. Despite some declines in leisure room nights, the company maintains a positive outlook with strategic investments and renovations. The Q&A revealed management's confidence in handling renovation disruptions and wage increases. The dividend increase and liquidity position further support a positive sentiment. However, some uncertainties remain, like the lack of specific guidance for Gaylord National. Overall, given the strong performance metrics and optimistic outlook, a positive stock price movement is anticipated.
