Hyatt Hotels (H) Surges 4.1%: Is This an Indication of Further Gains?

Hyatt Hotels (H) shares ended the last trading session 4.1% higher at $145.39. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 7% gain over the past four weeks.Hyatt’s recent stock rally reflects likely investor optimism around its asset-light strategy and luxury-led portfolio growth. The introduction of the Hyatt Select brand and momentum in upper midscale expansion signal deeper market penetration, while progress on $2 billion in asset sales, including the Playa deal, bolsters capital flexibility. Together, these moves are boosting confidence in sustained performance.This hotel operator is expected to post quarterly earnings of $0.62 per share in its upcoming report, which represents a year-over-year change of -59.5%. Revenues are expected to be $1.74 billion, up 1.9% from the year-ago quarter.While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.For Hyatt Hotels, the consensus EPS estimate for the quarter has been revised 2.1% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on H going forward to see if this recent jump can turn into more strength down the road. The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Hyatt Hotels belongs to the Zacks Hotels and Motels industry. Another stock from the same industry, Civeo (CVEO), closed the last trading session 0.3% higher at $23.15. Over the past month, CVEO has returned 6.8%.Civeo's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.08. Compared to the company's year-ago EPS, this represents a change of -85.7%. Civeo currently boasts a Zacks Rank of #2 (Buy).Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Hyatt Hotels Corporation (H): Free Stock Analysis Report Civeo Corporation (CVEO): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks