Marriott, Hyatt and Choice Hotels International have been highlighted in this Industry Outlook article.
The industry faces challenges from rising costs, weakening demand and geopolitical tensions. However, stocks like MAR, H and CHH will likely benefit from expansion efforts and other initiatives.
It is an ideal time to invest in discretionary stocks like DIS, CHH, SNA, HBI and MAT, with consumer sentiment soaring to a seven-month high.
Does Choice Hotels (CHH) have what it takes to be a top stock pick for momentum investors? Let's find out.
Choice Hotels (CHH) reported earnings 30 days ago. What's next for the stock?
Choice Hotels (CHH) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Choice Hotels continues to drive growth in the upscale category with new Cambria openings and future expansions across key U.S. markets.
Here is how Choice Hotels (CHH) and Gildan Activewear (GIL) have performed compared to their sector so far this year.
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
CHH's Q3 2024 non-GAAP adjusted EPS rose by +22.5% YoY and exceeded the consensus estimate by +16.6%, thanks to royalty rate expansion and a higher number of hotel rooms. The company raised its full-year normalized EPS outlook by +4% to $6.785 as per the mid-point of its guidance, Choice Hotels' favorable prospects are supported by a robust pipeline. I retain my Buy rating for Choice Hotels, in view of CHH's beat-and-raise quarter.
CHH's third-quarter 2024 results reflect strong unit growth and an expanded global pipeline supporting its growth strategy.
Choice Hotels International, Inc. (NYSE:CHH ) Q3 2024 Earnings Conference Call November 4, 2024 10:00 AM ET Company Participants Allie Summers - Senior Director of Investor Relations Pat Pacious - President, Chief Executive Officer & Director Scott Oaksmith - Chief Financial Officer Conference Call Participants Shaun Kelley - Bank of America Michael Bellisario - Baird Stephen Grambling - Morgan Stanley David Katz - Jefferies Robin Farley - UBS Lizzie Dove - Goldman Sachs Joseph Greff - JPMorgan Meredith Jensen - HSBC Patrick Scholes - Truist Securities Brandt Montour - Barclays Dan Wasiolek - Morningstar Christopher Stathoulopoulos - Susquehanna Operator Ladies and gentlemen, thank you for standing by. Welcome to Choice Hotels International's Third Quarter 2024 Earnings Call.