Playa Hotels & Resorts Q1 2024 earnings exceed expectations with 9.8% YoY revenue growth, 30% operating profit margin, and Truist Financial raises target price to $14.
Playa Hotels & Resorts (NASDAQ:PLYA) reported Q1 2024 earnings, exceeding expectations with revenue of $300.6M (9.8% YoY growth) and EPS of $0.40. Operating profit margin reached 30%, up 1.9 percentage points YoY. Truist Financial raised their target price to $14.00 and maintained a 'buy' rating. Annualized revenue growth of 21.8% over 2 years outpaces the 5-year trend, indicating positive developments.
May 06, 2024
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