Park Hotels & Resorts (PK) Q4 FFO Miss Estimates

Financial Performance - Park Hotels & Resorts reported quarterly funds from operations (FFO) of $0.39 per share, missing the Zacks Consensus Estimate of$0.40 per share, and down from $0.52 per share a year ago, representing an FFO surprise of -2.50$625 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 3.66%, but down from 657 million year-over-year [2] - Over the last four quarters, the company has surpassed consensus FFO estimates two times and topped consensus revenue estimates two times [2] Stock Performance - Park Hotels & Resorts shares have lost about 6.5% since the beginning of the year, while the S&P 500 has gained 4.2% [3] - The current consensus FFO estimate for the coming quarter is 0.51 on revenues of $635.26 million, and for the current fiscal year, it is$2.21 on revenues of $2.65 billion [7] Industry Outlook - The REIT and Equity Trust - Other industry, to which Park Hotels & Resorts belongs, is currently in the bottom 34% of over 250 Zacks industries, indicating potential challenges ahead [8] - The performance of Park Hotels & Resorts may be influenced by the overall outlook for the industry, as empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions [5][8]