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Ryman Hospitality Properties Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS Lags

Ryman Hospitality Properties (NYSE:RHP) Third Quarter 2022 Results

Key Financial Results

  • Revenue: US$465.0m (up 53% from 3Q 2021).

  • Funds from operations (FFO): US$92.0m (up 94% from 3Q 2021).

  • FFO margin: 20% (up from 16% in 3Q 2021). The increase in margin was driven by higher revenue.

  • FFO per share: US$1.7 (up from US$0.86 in 3Q 2021).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Ryman Hospitality Properties Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) missed analyst estimates by 25%.

Looking ahead, revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the REITs industry in the US.

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Performance of the American REITs industry.

The company's shares are down 4.2% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Ryman Hospitality Properties (at least 1 which shouldn't be ignored), and understanding them should be part of your investment process.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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