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MARKETS LIVE BLOG:

STOCKS SHED GAINS, TESLA SURGES DAY AFTER EARNINGS

Tesla shares jump after EV maker vows to speed up launch of more affordable models

Hilton's (HLT) Q3 Earnings in line, Revenues Lag Estimates

Zacks Equity Research
Updated

Hilton Worldwide Holdings Inc. HLT 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 HHonors loyalty program — which serves millions of members worldwide.

Hilton’s geographic exposure in the U.S., solid transient business as well as its improving group business trends will continue to drive RevPAR. However, lingering political uncertainty 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 mixed over the past few quarters. The company outpaced/met the Zacks Consensus Estimate in three of the past four quarters, with an average beat of 0.60%.

HILTON WW HLDG Price and EPS Surprise

 

HILTON WW HLDG Price and EPS Surprise | HILTON WW HLDG Quote

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HLT currently has a Zacks Rank #4 (Sell) 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 posted earnings of 23 cents per share, in line with the consensus mark.  Investors should note that these figures take out stock option expenses.

Revenues: HLT reported revenues of $2.94 billion. This missed our consensus estimate of $3.01 billion.

Key Stats to Note: System-wide comparable RevPAR increased 1.3% year over year in the third quarter on a currency neutral basis. RevPAR at comparable managed and franchised hotels increased 1.5% on a currency neutral basis.

Adjusted EBITDA for the quarter rose 0.9% to $765 million.

Stock Price Impact: In-active in pre-market trading.

Check back for our full write up on this HLT earnings report later!

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HILTON WW HLDG (HLT): Free Stock Analysis Report
 
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Zacks Investment Research