Wyndham Reiterates Q2 Profit View - Zacks Tale of the Tape

Wyndham Worldwide Corp. (WYN) reiterated its second-quarter profit outlook this morning, sending shares higher by more than 7%.

Wyndham continues to expect quarterly earnings between 36 cents and 41 cents. Analysts anticipate 37 cents per share.

In its first quarter, the company beat estimates by 17.14% with earnings of 41 cents per share.

The company also backed its full-year earnings view, ranging between $760 million to $810 million.

However, 2 analysts out of 6 reduced expectations over the past month for the current year, pulling the consensus down 2 cents to $1.68 per share.

So far today, Wyndham is trading on lower-than-usual volume of 1.73 million shares, against the daily average of 3.8 million.

This Zacks #3 Rank (“Hold”) company is scheduled to report its second-quarter results on Jul 29.

Wyndham Reiterates Q2 Profit View – Zacks Tale of the Tape