WH - Wyndham Hotels: Staying Bullish On Q1 Earnings Beat And Positive Outlook

2024-04-30 09:22:58 ET

Summary

• Wyndham Hotels' first quarter EPS beat market expectations, as a result of an increase in ancillary revenue and meaningful share buybacks.
• WH has a number of EPS growth drivers for the full year, such as the increase in infrastructure expenditures and its exposure to oil & gas markets.
• I still rate WH stock as a Buy, taking into account its Q1 performance and full-year 2024 prospects.

Elevator Pitch

Wyndham Hotels & Resorts, Inc. ( WH ) stock is rated as a Buy. My previous October 16, 2023 write-up touched on its franchisees' financing and how WH allocates capital....

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