We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Hilton Worldwide Holdings Inc. (HLT) Reports Q2 Earnings: What Key Metrics Have to Say
Read MoreHide Full Article
Hilton Worldwide Holdings Inc. (HLT - Free Report) reported $2.66 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 18.8%. EPS of $1.63 for the same period compares to $1.29 a year ago.
The reported revenue represents a surprise of +4.70% over the Zacks Consensus Estimate of $2.54 billion. With the consensus EPS estimate being $1.57, the EPS surprise was +3.82%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Hilton Worldwide Holdings Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
RevPAR Growth - System-wide: 12.1% versus the three-analyst average estimate of 12.39%.
Revenue per available room - System-Wide: $122.02 compared to the $122.54 average estimate based on three analysts.
Property Summary - Total Systemwide Rooms: 1144849 versus the two-analyst average estimate of 1154850.
Occupancy - System-Wide: 74.6% versus the two-analyst average estimate of 75.11%.
Average daily rate - System-Wide: $163.47 compared to the $161.93 average estimate based on two analysts.
Revenues- Other revenues: $46 million compared to the $28.70 million average estimate based on six analysts. The reported number represents a change of +84% year over year.
Revenues- Owned and leased hotels: $341 million compared to the $304.55 million average estimate based on six analysts. The reported number represents a change of +20.9% year over year.
Revenues- Other revenues from managed and franchised properties: $1.50 billion compared to the $1.46 billion average estimate based on five analysts. The reported number represents a change of +18.4% year over year.
Revenues- Base and other management fees: $86 million compared to the $90.02 million average estimate based on five analysts. The reported number represents a change of +14.7% year over year.
Revenues- Franchise and licensing fees: $618 million compared to the $618.93 million average estimate based on five analysts. The reported number represents a change of +13.4% year over year.
Revenues- Incentive management fees: $69 million versus the five-analyst average estimate of $64.11 million. The reported number represents a year-over-year change of +50%.
Shares of Hilton Worldwide Holdings Inc. have returned +6.9% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Hilton Worldwide Holdings Inc. (HLT) Reports Q2 Earnings: What Key Metrics Have to Say
Hilton Worldwide Holdings Inc. (HLT - Free Report) reported $2.66 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 18.8%. EPS of $1.63 for the same period compares to $1.29 a year ago.
The reported revenue represents a surprise of +4.70% over the Zacks Consensus Estimate of $2.54 billion. With the consensus EPS estimate being $1.57, the EPS surprise was +3.82%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Hilton Worldwide Holdings Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- RevPAR Growth - System-wide: 12.1% versus the three-analyst average estimate of 12.39%.
- Revenue per available room - System-Wide: $122.02 compared to the $122.54 average estimate based on three analysts.
- Property Summary - Total Systemwide Rooms: 1144849 versus the two-analyst average estimate of 1154850.
- Occupancy - System-Wide: 74.6% versus the two-analyst average estimate of 75.11%.
- Average daily rate - System-Wide: $163.47 compared to the $161.93 average estimate based on two analysts.
- Revenues- Other revenues: $46 million compared to the $28.70 million average estimate based on six analysts. The reported number represents a change of +84% year over year.
- Revenues- Owned and leased hotels: $341 million compared to the $304.55 million average estimate based on six analysts. The reported number represents a change of +20.9% year over year.
- Revenues- Other revenues from managed and franchised properties: $1.50 billion compared to the $1.46 billion average estimate based on five analysts. The reported number represents a change of +18.4% year over year.
- Revenues- Base and other management fees: $86 million compared to the $90.02 million average estimate based on five analysts. The reported number represents a change of +14.7% year over year.
- Revenues- Franchise and licensing fees: $618 million compared to the $618.93 million average estimate based on five analysts. The reported number represents a change of +13.4% year over year.
- Revenues- Incentive management fees: $69 million versus the five-analyst average estimate of $64.11 million. The reported number represents a year-over-year change of +50%.
View all Key Company Metrics for Hilton Worldwide Holdings Inc. here>>>Shares of Hilton Worldwide Holdings Inc. have returned +6.9% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.