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Hilton's (HLT) Q2 Earnings Meet, Revenues Miss Estimates
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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.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2018 has been stable over the past month. In the trailing four quarters (excluding the quarter under review), the company has outperformed the Zacks Consensus Estimate by an average of 11.6%.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: The company reported adjusted earnings per share of 70 cents, meeting the Zacks Consensus Estimate.
Revenues: HLT reported revenues of $2.3 billion. This missed our consensus estimate of $2.5 billion.
Key Stats to Note: System-wide comparable revenue per available room (RevPAR) increased 4% year over year in the second quarter on a currency neutral basis.
Check back for our full write up on this HLT earnings report later!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
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Hilton's (HLT) Q2 Earnings Meet, Revenues Miss 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.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2018 has been stable over the past month. In the trailing four quarters (excluding the quarter under review), the company has outperformed the Zacks Consensus Estimate by an average of 11.6%.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: The company reported adjusted earnings per share of 70 cents, meeting the Zacks Consensus Estimate.
Revenues: HLT reported revenues of $2.3 billion. This missed our consensus estimate of $2.5 billion.
Key Stats to Note: System-wide comparable revenue per available room (RevPAR) increased 4% year over year in the second quarter on a currency neutral basis.
Zacks Rank: 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 (Strong Buy) Rank stocks here.
Hilton Worldwide Holdings Inc. Price, Consensus and EPS Surprise
Hilton Worldwide Holdings Inc. Price, Consensus and EPS Surprise | Hilton Worldwide Holdings Inc. Quote
Check back for our full write up on this HLT earnings report later!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>