Earnings Preview: Wyndham Worldwide Corp.

Wyndham Worldwide Corp. (WYN) is expected to report Q3 earnings before market open Thursday, October 30, with a conference call scheduled for 8:30 am ET.

Guidance

Analysts are looking for a profit of 80c on revenue of $1.27B. The consensus range is 79c to 82c for EPS, and revenue of $1.18B to $1.3B, according to First Call. On October 6, Wyndham reiterated its Q3 EPS guidance of 80c to 82c. The company said restructuring charges during 2H and Q109 will be $22M to $32M. The company believes reducing management layers at its holiday rental and exchange business and restructuring the hotel group will consolidate revenue generation activity and enhance services to guests.

Analyst Views

J.P. Morgan analyst Joseph Gregg says that with Wyndham's outlook reiteration it is "somewhat reassuring the leisure trends did not fall off a cliff in September," though analysts and investors will look closely for clues about the remainder of the year and 2009. Friedman Billings analyst C. Patrick Scholes does not believe the restructuring is a positive factor in the near-term, especially during a period of "decelerating leisure trends" as well as a "nervous market".

Comments

[Dr.Thomas E...:]

CAN YOU SAY DRUNKEN SAILOR SPENDING..The executives and sales managers @ WYNDHAM VACATION OWNERSHIP just do not get it. The WYN stock price hits 2.98 per share low and last week the top executives and sales managers spent 4 days at an "all inclusive" spa and golf resort in AZ. These guys @ WYndham spend money like drunken sailors!!! Someone NEEDS to educate the executives @ Wyndham on CONSERVATION OF BUSINESS AND PERSONAL NET WORTH..!


SIncerely,

T.Martin III, PhD
Business and Personal Net Worth Doctor

DRUNKEN SAILOR SPENDING = 52wk low: 4.22
52wk high: 30.85
EPS: 2.17
PE: 1.40
Dividend: 0.16
Yield: 5.30
Market Cap: 536.03 m
Exchange: NYE

2008 Nov 22 10:14 AM