Markets
HLT

Hilton's (HLT) Q1 Earnings & Sales Beat Estimates

A generic image of chart
Credit: Shutterstock photo

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 been stable 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 2.52%. Notably, revenues surpassed estimates in three of the trailing four quarters.

Hilton Worldwide Holdings Inc. Price and EPS Surprise

Hilton Worldwide Holdings Inc. Price and EPS Surprise | Hilton Worldwide Holdings Inc. Quote

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 Rank (Strong Buy) stocks here .

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: HLT beats on earnings. Our consensus earnings estimate called for EPS of 28 cents per share, and the company posted adjusted EPS of 38 cents. Investors should note that these figures take out stock option expenses.

Revenues: HLT reported revenues of $2.16 billion, surpassing the consensus mark of $2.08 billion.

Key Stats to Note: System-wide comparable RevPAR increased 3.0% year over year in the first quarter on a currency neutral basis. RevPAR at comparable managed and franchised hotels increased 2.7% on a currency neutral basis.

Adjusted EBITDA for the quarter rose 16% to $424 million.

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

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

Sell These Stocks. Now.

Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These are sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500. See today's Zacks ""Strong Sells"" absolutely free >>

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 report

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

To read this article on Zacks.com click here.

Zacks Investment Research

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


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

In This Story

HLT

Other Topics

Earnings Investing Stocks

Latest Markets Videos