NYSE$WH

Wyndham Hotels & Resorts Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Wyndham's first quarter earnings declined due to COVID-19 impact, with revenue decreasing and RevPAR falling, but the company focused on cost reduction and liquidity.

Wyndham Hotels & Resorts reported a decrease in revenues by 12% to $410 million compared to Q1 2019. Global RevPAR declined by 23% in constant currency. Net income increased by 5% to $22 million, and adjusted EBITDA decreased by 4% to $107 million. The company is focused on cost reduction and maintaining liquidity amidst the COVID-19 crisis.

  • Diluted earnings per share increased 5% to $0.23, and adjusted diluted EPS decreased 4% to $0.50.
  • Net income increased 5% to $22 million, while adjusted net income decreased 8% to $47 million.
  • Adjusted EBITDA decreased 4% to $107 million.
  • System-wide rooms grew 2% year-over-year.

Headline financials

Total Revenue

$410M

Previous: $468M-12.4%
EPS (adj)

$0.50

Previous: $0.52-3.8%
Global RevPAR

$27.68

Previous: $36.21-23.6%
Global Rooms

828.3K

Previous: 812.1K+2.0%
Capital Expenditures

-$7M

Previous: -$9M+22.2%
Free Cash Flow

$15M

Previous: $12M+25.0%
Net Income

$22M

Previous: $21M+4.8%
Operating Income

$56M

Previous: $50M+12.0%
Gross Profit

$56M

Previous: $50M+12.0%
Cash & Equivalents

$749M

Previous: $284M+163.7%
Total Assets

$5.16B

Previous: $4.9B+5.2%
Stock-Based Comp

$4M

Previous: $3M+33.3%

Revenue & EPS history

Wyndham · Revenue · Quarterly

$410M

Q1 2020-12.4%vs Q1 2019
Beat estimate in 10 of 11 quarters(91%)
ActualEstimate

Revenue by segment

Wyndham · $243M total across 1 segment · Q1 2020

  • Hotel Franchising
    $243M-9.7%

Forward guidance

Due to the rapidly evolving circumstances and uncertainty in travel demand, the Company remains unable, at this time, to accurately predict and provide 2020 outlook.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.7%

Avg return

Earnings day

+0.9%

Avg return

5 days after

-1.0%

Avg return

30 days after

46%

17 / 37 earnings

Positive

+8.8%

Q3 2018

Best reaction

-5.5%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.1%-4.4%-4.5%
Q4 2025+5.6%+5.1%-5.0%
Q3 2025-5.5%-10.0%-9.5%
Q2 2025-1.0%-2.6%-3.3%
Q1 2025+0.1%-2.2%-3.0%
Q4 2024-1.6%+2.1%-17.5%
Q3 2024+8.0%+7.1%+16.0%
Q2 2024+3.4%+4.1%+4.8%
Q1 2024+5.4%+3.9%-1.6%
Q4 2023+1.2%+0.1%-0.3%
Q3 2023-2.5%-3.4%+5.3%
Q2 2023+2.0%+5.0%-1.2%
Q1 2023-1.5%+2.0%+3.9%
Q4 2022-2.0%-2.2%-15.9%
Q3 2022+4.4%+7.9%+3.0%
Q2 2022-1.8%-1.6%-1.0%
Q1 2022-1.0%-1.4%-11.8%
Q4 2021+4.5%+1.6%-1.7%
Q3 2021+5.7%+4.3%+0.8%
Q2 2021+3.7%+0.4%+3.9%
Q1 2021-0.1%-2.1%+0.9%
Q4 2020-2.6%-3.7%+10.6%
Q3 2020-2.2%+0.6%+21.1%
Q2 2020-1.5%-5.1%+13.6%
Q1 2020+6.5%+20.3%+37.6%
Q4 2016-1.6%-2.3%-34.7%
Q4 2019-1.6%-2.3%-34.7%
Q3 2019+0.7%+3.1%+9.7%
Q2 2019-4.7%-2.8%-16.2%
Q1 2019+2.5%+2.4%-2.8%
Q4 2018-0.3%+1.3%+0.1%
Q3 2017+8.8%+9.2%+10.7%
Q3 2018+8.8%+9.2%+10.7%
Q2 2017+0.2%-7.4%-8.9%
Q2 2018-2.0%+0.4%-3.1%
Q1 2018-3.8%-1.7%-6.7%
Q4 2017-3.8%-1.7%-6.7%
Q1 2017

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