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Pursuit (PRSU) Q2 Earnings: What To Expect

PRSU Cover Image

Experiential tourism company Pursuit Attractions and Hospitality (NYSE: PRSU) will be announcing earnings results this Wednesday after market hours. Here’s what investors should know.

Pursuit missed analysts’ revenue expectations by 3.5% last quarter, reporting revenues of $37.58 million, down 86.3% year on year. It was a softer quarter for the company, with a significant miss of analysts’ EPS estimates and a miss of analysts’ EBITDA estimates.

Is Pursuit a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Pursuit’s revenue to decline 71.2% year on year to $109.2 million, a reversal from the 18.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.26 per share.

Pursuit Total Revenue

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. Pursuit has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Pursuit’s peers in the travel and vacation providers segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Carnival delivered year-on-year revenue growth of 9.5%, beating analysts’ expectations by 1.7%, and Lindblad Expeditions reported revenues up 23%, topping estimates by 5.6%. Carnival traded up 5.9% following the results.

Read our full analysis of Carnival’s results here and Lindblad Expeditions’s results here.

There has been positive sentiment among investors in the travel and vacation providers segment, with share prices up 2.5% on average over the last month. Pursuit is down 6.1% during the same time and is heading into earnings with an average analyst price target of $41 (compared to the current share price of $28.29).

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