Social club operator Soho House (NYSE:SHCO) will be announcing earnings results tomorrow before market open. Here's what you need to know.
Soho House met analysts' revenue expectations last quarter, reporting revenues of $263.1 million, up 3.1% year on year. It was a slower quarter for the company, with a miss of analysts' earnings estimates.
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 5.2% year on year to $303.8 million, slowing from the 18.5% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.09 per share.
The majority of analysts covering the company have 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 hotels, resorts and cruise lines segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Playa Hotels & Resorts's revenues decreased 5.1% year on year, beating analysts' expectations by 3.1%, and Target Hospitality reported a revenue decline of 29.9%, topping estimates by 2.2%. Playa Hotels & Resorts traded down 1.4% following the results.
Read our full analysis of Playa Hotels & Resorts's results here and Target Hospitality's results here.
Investors in the hotels, resorts and cruise lines segment have had fairly steady hands going into earnings, with share prices down 1% on average over the last month. Soho House is down 20.2% during the same time and is heading into earnings with an average analyst price target of $7.3 (compared to the current share price of $4.62).
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