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Hilton Worldwide Holdings Inc. (HLT) Reports Q4 Earnings: What Key Metrics Have to Say
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For the quarter ended December 2023, Hilton Worldwide Holdings Inc. (HLT - Free Report) reported revenue of $2.61 billion, up 6.8% over the same period last year. EPS came in at $1.68, compared to $1.59 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $2.57 billion, representing a surprise of +1.52%. The company delivered an EPS surprise of +7.69%, with the consensus EPS estimate being $1.56.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: 107.7% versus the three-analyst average estimate of 5.3%.
Revenue per available room - System-Wide: $107.69 versus $106.30 estimated by three analysts on average.
Property Summary - Total Franchised Rooms: 914,974 compared to the 913,272 average estimate based on two analysts.
Occupancy - System-Wide: 69% versus the two-analyst average estimate of 69.8%.
Property Summary - Total Systemwide Rooms: 1,182,937 compared to the 1,183,596 average estimate based on two analysts.
Property Summary - Total Managed Rooms: 250,472 versus the two-analyst average estimate of 251,687.
Revenues- Owned and leased hotels: $320 million compared to the $363.40 million average estimate based on six analysts. The reported number represents a change of -8.3% year over year.
Revenues- Other revenues: $52 million versus $37.99 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +67.7% change.
Revenues- Incentive management fees: $77 million compared to the $67.03 million average estimate based on five analysts. The reported number represents a change of +20.3% year over year.
Revenues- Franchise and licensing fees: $601 million versus the five-analyst average estimate of $574.05 million. The reported number represents a year-over-year change of +11.9%.
Revenues- Base and other management fees: $95 million versus $83.72 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +8% change.
Revenues- Other revenues from managed and franchised properties: $1.46 billion compared to the $1.44 billion average estimate based on five analysts. The reported number represents a change of +6.5% year over year.
Shares of Hilton Worldwide Holdings Inc. have returned +7.1% over the past month versus the Zacks S&P 500 composite's +5.6% 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.
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Hilton Worldwide Holdings Inc. (HLT) Reports Q4 Earnings: What Key Metrics Have to Say
For the quarter ended December 2023, Hilton Worldwide Holdings Inc. (HLT - Free Report) reported revenue of $2.61 billion, up 6.8% over the same period last year. EPS came in at $1.68, compared to $1.59 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $2.57 billion, representing a surprise of +1.52%. The company delivered an EPS surprise of +7.69%, with the consensus EPS estimate being $1.56.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: 107.7% versus the three-analyst average estimate of 5.3%.
- Revenue per available room - System-Wide: $107.69 versus $106.30 estimated by three analysts on average.
- Property Summary - Total Franchised Rooms: 914,974 compared to the 913,272 average estimate based on two analysts.
- Occupancy - System-Wide: 69% versus the two-analyst average estimate of 69.8%.
- Property Summary - Total Systemwide Rooms: 1,182,937 compared to the 1,183,596 average estimate based on two analysts.
- Property Summary - Total Managed Rooms: 250,472 versus the two-analyst average estimate of 251,687.
- Revenues- Owned and leased hotels: $320 million compared to the $363.40 million average estimate based on six analysts. The reported number represents a change of -8.3% year over year.
- Revenues- Other revenues: $52 million versus $37.99 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +67.7% change.
- Revenues- Incentive management fees: $77 million compared to the $67.03 million average estimate based on five analysts. The reported number represents a change of +20.3% year over year.
- Revenues- Franchise and licensing fees: $601 million versus the five-analyst average estimate of $574.05 million. The reported number represents a year-over-year change of +11.9%.
- Revenues- Base and other management fees: $95 million versus $83.72 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +8% change.
- Revenues- Other revenues from managed and franchised properties: $1.46 billion compared to the $1.44 billion average estimate based on five analysts. The reported number represents a change of +6.5% year over year.
View all Key Company Metrics for Hilton Worldwide Holdings Inc. here>>>Shares of Hilton Worldwide Holdings Inc. have returned +7.1% over the past month versus the Zacks S&P 500 composite's +5.6% 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.