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Hilton Worldwide Holdings Inc. (HLT - Free Report) is a leading global hospitality company and operates under a number of leading brands. This hotel company began trading in Dec 2013 and has a significant presence in major hospitality markets across the world.
The company has an industry-leading guest loyalty program — Hilton Honors — which serves millions of members worldwide.
Hilton’s geographic exposure in the United States along with solid transient business is expected to continue driving RevPAR. Notably, the spin-offs in Jan 2017 have made Hilton a fee-based, capital efficient, and resilient business, which is likely to drive organic growth. However, lingering political uncertainties in some of the regions where the company operates and negative currency translation remains a concern.
Investors should note that the consensus estimate for HLT has hardly witnessed any significant movement over the last 60 days. Meanwhile, HLT’s earnings have been mostly strong over the past few quarters. The company outpaced/met the Zacks Consensus Estimate in the past four quarters, with an average beat of 16.18%. Revenues also posted positive surprises in three of the trailing four quarters.
Hilton Worldwide Holdings Inc. Price and EPS Surprise
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: HLT beats on earnings. Our consensus earnings estimate called for earnings per share of 50 cents, and the company reported earnings of 56 cents per share.
Revenues: HLT reported revenues of $2.35 billion. This surpassed our consensus estimate of $2.27 billion.
Key Stats to Note: System-wide comparable revenue per available room (RevPAR) increased 1.3% year over year in the third quarter on a currency neutral basis. RevPAR at comparable managed and franchised hotels increased 1.1%.
Adjusted EBITDA for the quarter rose 11% to $524 million.
Stock Price Impact: In-active in pre-market trading.
Check back for our full write up on this HLT earnings report later!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
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Hilton's (HLT) Q3 Earnings & Revenues Beat Estimates
Hilton Worldwide Holdings Inc. (HLT - Free Report) is a leading global hospitality company and operates under a number of leading brands. This hotel company began trading in Dec 2013 and has a significant presence in major hospitality markets across the world.
The company has an industry-leading guest loyalty program — Hilton Honors — which serves millions of members worldwide.
Hilton’s geographic exposure in the United States along with solid transient business is expected to continue driving RevPAR. Notably, the spin-offs in Jan 2017 have made Hilton a fee-based, capital efficient, and resilient business, which is likely to drive organic growth. However, lingering political uncertainties in some of the regions where the company operates and negative currency translation remains a concern.
Investors should note that the consensus estimate for HLT has hardly witnessed any significant movement over the last 60 days. Meanwhile, HLT’s earnings have been mostly strong over the past few quarters. The company outpaced/met the Zacks Consensus Estimate in the past four quarters, with an average beat of 16.18%. Revenues also posted positive surprises in three of the trailing four quarters.
Hilton Worldwide Holdings Inc. Price and EPS Surprise
Hilton Worldwide Holdings Inc. Price and EPS Surprise | Hilton Worldwide Holdings Inc. Quote
HLT currently has a Zacks Rank #2 (Buy) but that could change following Hilton’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: HLT beats on earnings. Our consensus earnings estimate called for earnings per share of 50 cents, and the company reported earnings of 56 cents per share.
Revenues: HLT reported revenues of $2.35 billion. This surpassed our consensus estimate of $2.27 billion.
Key Stats to Note: System-wide comparable revenue per available room (RevPAR) increased 1.3% year over year in the third quarter on a currency neutral basis. RevPAR at comparable managed and franchised hotels increased 1.1%.
Adjusted EBITDA for the quarter rose 11% to $524 million.
Stock Price Impact: In-active in pre-market trading.
Check back for our full write up on this HLT earnings report later!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>