Hilton's (HLT) Q2 Earnings Meet, Revenues Miss Estimates

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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 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!

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Hilton Worldwide Holdings Inc. (HLT): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Earnings , Investing Ideas , Stocks
Referenced Symbols: HLT

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