Can PRSU sustain its earnings momentum?
4/4/2025 03:12pm
**Pursuit Attractions and Hospitality Inc. (PRSU) faces significant challenges in sustaining its earnings momentum.** Here's why:
1. **Recent Performance**: PRSU's most recent report period ended on December 31, 2024, with the company reporting a net income of $313.34 million and a total revenue of -$741.25 million. The negative revenue figure indicates that the company has yet to recover from the revenue decline seen in the previous quarter.
|code|Ticker|Name|Date|Total Revenue|Net Income|market_code|
|---|---|---|---|---|---|---|
|PRSU|PRSU.N|Pursuit Attractions|2024 Q1|2.73497E8|-2.6243E7|169|
|PRSU|PRSU.N|Pursuit Attractions|2024 Q2|3.78538E8|3.0878E7|169|
|PRSU|PRSU.N|Pursuit Attractions|2024 Q3|4.55704E8|5.5864E7|169|
|PRSU|PRSU.N|Pursuit Attractions|2024 Q4|-7.41251E8|3.13344E8|169|
|code|Ticker|Name|Date|Diluted EPS YoY|Diluted EPS|market_code|
|---|---|---|---|---|---|---|
|PRSU|PRSU.N|Pursuit Attractions|2024 Q1|-17.272727272727266|-1.29|169|
|PRSU|PRSU.N|Pursuit Attractions|2024 Q2|193.9393939393939|0.97|169|
|PRSU|PRSU.N|Pursuit Attractions|2024 Q3|17.02127659574468|1.65|169|
2. **Growth Rates**: The company's diluted EPS growth rate is not provided, but the net income growth rate is at 2075.44%, which is impressive but not sustainable over the long term. The revenue growth rate is -24.22%, reflecting a significant decline in revenue, which is a red flag for the company's financial health.
|code|Ticker|Name|Date|Net Income YoY|Total Revenue YoY|Diluted EPS YoY|market_code|
|---|---|---|---|---|---|---|---|
|PRSU|PRSU.N|Pursuit Attractions|2024 Q1|-22.688172043010752|4.872100647645049|-17.272727272727266|169|
|PRSU|PRSU.N|Pursuit Attractions|2024 Q2|166.69545690101916|18.178270493364263|193.9393939393939|169|
|PRSU|PRSU.N|Pursuit Attractions|2024 Q3|13.715751333306192|24.543658222624277|17.02127659574468|169|
|PRSU|PRSU.N|Pursuit Attractions|2024 Q4|2075.438154078931|-24.22174032538092||169|
3. **Analyst Expectations**: Analysts expect the company to report a loss of $1.27 per share, which suggests that the company is not expected to show a profit in the near term.
4. **Investor Movements**: There have been changes in the holdings of PRSU's stock by investors. FMR LLC increased its stake in the company, while Victory Capital Management Inc reduced its stake. These movements could be indicative of differing views on the company's future prospects.
5. **Market Conditions**: The broader market conditions and the hospitality industry's recovery from the pandemic will also play a crucial role in PRSU's ability to sustain its earnings momentum. The industry is likely to face ongoing challenges due to the residual impacts of the pandemic.
In conclusion, while PRSU has shown a significant increase in net income, the negative revenue growth and the expected loss per share suggest that the company may struggle to sustain its earnings momentum. The industry's recovery and investor sentiment will be key factors in determining PRSU's future financial performance.