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Earnings To Watch: Soho House (SHCO) Reports Q1 Results Tomorrow

StockStory - Thu May 9, 2:01AM CDT

SHCO Cover Image

Social club operator Soho House (NYSE:SHCO) will be reporting results tomorrow before market open. Here's what investors should know.

Soho House missed analysts' revenue expectations by 3.7% last quarter, reporting revenues of $290.8 million, up 7.5% year on year. It was a weak quarter for the company, with full-year revenue guidance missing analysts' expectations and a miss of analysts' members 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 3.3% year on year to $263.5 million, slowing from the 32.9% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.20 per share.

Soho House 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. Soho House has missed Wall Street's revenue estimates five 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 Q1 results, giving us a hint as to what we can expect. Choice Hotels posted flat year-on-year revenue, missing analysts' expectations by 3.2%, and Royal Caribbean reported revenues up 29.2%, topping estimates by 1.1%. Royal Caribbean traded up 2.8% following the results.

Read our full analysis of Choice Hotels's results here and Royal Caribbean's results here.

Investors in the hotels, resorts and cruise lines segment have had steady hands going into earnings, with share prices flat over the last month. Soho House is down 10.5% during the same time and is heading into earnings with an average analyst price target of $8.1 (compared to the current share price of $5.05).

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