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Hilton's (HLT) Reports Better-Than-Expected Earnings in Q1


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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 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!

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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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