Social club operator Soho House (NYSE:SHCO) will be announcing earnings results tomorrow before market open. Here’s what to look for.
Soho House met analysts’ revenue expectations last quarter, reporting revenues of $305.1 million, up 5.6% year on year. It was a slower quarter for the company, with a miss of analysts’ members estimate.
Is Soho House a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Soho House’s revenue to grow 10.9% year on year to $333.9 million, slowing from the 13.1% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Soho House has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Soho House’s peers in the travel and vacation providers segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Target Hospitality’s revenues decreased 34.8% year on year, beating analysts’ expectations by 8.3%, and Playa Hotels & Resorts reported a revenue decline of 13.9%, topping estimates by 4.1%. Target Hospitality traded up 6.5% following the results while Playa Hotels & Resorts was also up 7.4%.
Read our full analysis of Target Hospitality’s results here and Playa Hotels & Resorts’s results here.
There has been positive sentiment among investors in the travel and vacation providers segment, with share prices up 4.3% on average over the last month. Soho House is up 1.4% during the same time and is heading into earnings with an average analyst price target of $7.17 (compared to the current share price of $5).
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