What happened 

Shares of hotel brand Wyndham Worldwide Corporation (NYSE:WYN) jumped as much as 11.1% in trading Wednesday after reporting first-quarter 2017 earnings. At 3:45 p.m. EDT on Wall Street, shares were still up an impressive 9.6% on the day. 

So what

Revenue for the quarter rose just 1% to $1.32 billion, but net income rose 47% from a year ago to $141 million, or $1.33 per share. Adjusted for one-time items, earnings were $1.14 per share, beating Wall Street's estimate by three cents. 

Hotel guest gets a hotel keycard.

Image source: Getty Images.

Management also said it still expects full-year revenue of $5.80 billion to $5.95 billion and adjusted earnings of $5.98 to $6.18 per share, based on 105.5 million shares outstanding. 

Now what

First-quarter results don't show tremendous growth, but margins are improving slightly, and that's what had investors pushing shares higher. Keep in mind that growth is still in the low single-digits, and it isn't expected to pick up significantly soon. With shares trading at 18 times trailing earnings, shares are pretty expensive for a slow-growth stock. For that reason, I'll sit out today's pop, but look for opportunities if shares dip to get in at a better value for this hotel industry leader. 

Travis Hoium has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.