Hyatt Hotels Corporation H is scheduled to report third-quarter 2020 results on Nov 4, after the closing bell. In the last reported quarter, the company reported an earnings miss of 30.4%. Nonetheless, it has a trailing four-quarter earnings surprise of 64.6%, on average.Q3 EstimatesThe Zacks Consensus Estimate for third-quarter bottom line is pegged at a loss of $1.24, suggesting a decline from earnings of 37 cents in the prior-year quarter. The company’s earnings estimates have been revised downward over the past 30 days, reflecting analyst concern regarding the stock.For revenues, the consensus mark stands at $448.6 million, suggesting a decline of 63.1% from the prior-year quarter.Factors to NoteHyatt’s third-quarter results are likely to reflect the negative impact of the coronavirus pandemic. The company has been experiencing significant decline in demand due to the COVID-19 pandemic, which is resulting in a system-wide RevPAR decrease. Although the company has been witnessing sequential improvement in RevPAR since April, it is still well below the pre-pandemic level. Further, high operating costs stemming from the pandemic are likely to get reflected in the third-quarter results.Notably, the Zacks Consensus Estimate for Management and franchise fees is pegged at $47.03 million, indicating a decline of 68.2% from $148 million reported in the previous quarter. The consensus mark for Owned and leased hotels revenues currently stands at $92 million, indicating a decline of 78.6% from $430 million in the year-ago quarter.Nonetheless, increased focus on unit growth, financial flexibility and loyalty programs might have aided the company’s performance in the to-be-reported quarter.Hyatt Hotels Corporation Price and EPS Surprise Hyatt Hotels Corporation price-eps-surprise | Hyatt Hotels Corporation QuoteWhat Our Model SaysOur proven model does not conclusively predict an earnings beat for Hyatt this time around. A stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to beat estimates. But that's not the case here.Earnings ESP: Hyatt has an Earnings ESP of -2.15%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Zacks Rank: Hyatt carries a Zacks Rank #5 (Strong Sell).You can see the complete list of today’s Zacks #1 Rank stocks here.Stocks With Favorable CombinationHere are some stocks from the Zacks Consumer Discretionary space that investors may consider, as our model shows that these have the right combination of elements to deliver an earnings beat this time around.Electronic Arts Inc. EA has an Earnings ESP of +211.11% and a Zacks Rank #3.Choice Hotels International, Inc. CHH has an Earnings ESP of +6.19% and a Zacks Rank #3.Planet Fitness, Inc. PLNT has an Earnings ESP of +7.14% and a Zacks Rank #3.The Hottest Tech Mega-Trend of AllLast year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.See Zacks' 3 Best Stocks to Play This Trend >>Want 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 Choice Hotels International, Inc. (CHH): Free Stock Analysis Report Hyatt Hotels Corporation (H): Free Stock Analysis Report Electronic Arts Inc. (EA): Free Stock Analysis Report Planet Fitness, Inc. (PLNT): Free Stock Analysis Report To read this article on Zacks.com click here.