Second quarter 2021 earnings released: EPS US$0.21 (vs US$1.67 loss in 2Q 2020)
The company reported a strong second quarter result with improved earnings, revenues and profit margins.Second quarter 2021 results:
- Revenue: US$2.19b (up US$1.92b from 2Q 2020).
- Net income: US$104.8m (up US$929.8m from 2Q 2020).
- Profit margin: 4.8% (up from net loss in 2Q 2020).
Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
Consensus forecasts updated
The consensus outlook for 2021 has been updated.
- 2021 losses forecast to reduce from -US$1.63 to -US$0.74 per share.
- Revenue forecast steady at US$8.86b.
- Hospitality industry in the US expected to see average net income growth of 48% next year.
- Consensus price target of US$44.24 unchanged from last update.
- Share price rose 2.6% to US$40.71 over the past week.