How did PRSU's Q4 earnings surprise investors?

Pursuit Attractions and Hospitality Inc (PRSU) reported a quarterly adjusted loss of 82 cents per share for the quarter ended December 31, 2024, which was a surprise to investors as the company had reported EPS of -79 cents in the same quarter the previous year. The expected EPS for the quarter was a loss of $1.27. However, the company's actual EPS for the quarter was $10.81, which significantly beat expectations.

The company's revenue also exceeded expectations, with PRSU reporting an actual revenue of $45.8 million for the quarter, compared to the expected revenue of $42.082 million. This positive earnings surprise can be attributed to PRSU's focus on driving demand, innovating on costs, and unlocking new portfolio opportunities, as mentioned in their earnings report. Overall, PRSU's Q4 earnings exceeded investor expectations, resulting in a positive market reaction.