What caused H's drastic Q3 2024 EPS miss?

The EPS of Hyatt Hotels (H) for Q3 2024 was -0.03, which represents a significant miss compared to the previous year's EPS of $0.82. This decline in EPS can be attributed to several factors: 1. **Revenue Decline**: The company's total revenue for the quarter ended September 30, 2024, was $1.63 billion. This represents a year-over-year decline of 0.1%. The reported revenue also missed the Zacks Consensus Estimate of $1.76 billion, indicating a shortfall in revenue that contributed to the EPS miss. 2. **Analyst Expectations**: Analysts had a neutral consensus rating on the stock with an average price target of $162.36. This suggests that analysts were not expecting a significant negative performance from the company, which may have contributed to the surprise EPS miss. In conclusion, Hyatt Hotels' Q3 2024 EPS miss can be attributed to a combination of revenue decline and missing analyst expectations. The company's revenue fell short of forecasts, and the negative surprise may have been exacerbated by analysts' neutral expectations, which did not account for the challenges the company faced in the quarter.