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 witnessed upward revisions over the past 7 days. In the trailing four quarters (excluding the quarter under review), the company has outperformed the Zacks Consensus Estimate by an average of 18.6%.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: The company reported adjusted earnings per share of 55 cents, beating the Zacks Consensus Estimate of 50 cents.
Revenues: HLT reported revenues of $2,074 million. This missed our consensus estimate of $2,255 million.
Hilton Worldwide Holdings Inc. Price, Consensus and EPS Surprise
Hilton Worldwide Holdings Inc. Price, Consensus and EPS Surprise | Hilton Worldwide Holdings Inc. Quote
Key Stats to Note: System-wide comparable revenue per available room (RevPAR) increased 3.9% year over year in the first quarter on a currency neutral basis. RevPAR at comparable managed and franchised hotels increased 3.8%.
Zacks Rank: HLT currently has a Zacks Rank #3 (Hold) 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 .
Stock Price Impact: HLT shares are up nearly 1.5% during pre-market trading hours following the earnings release.
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 >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportHilton Worldwide Holdings Inc. (HLT): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research