What to expect from Hilton’s (HLT) Q3 earnings
Hotel company Hilton (NYSE:HLT) will be reporting results this Tuesday before market hours. Here’s what to look for.
Hilton met analysts’ revenue expectations last quarter, reporting revenues of $3.34 billion, up 6.5% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ EBITDA estimates.
Is Hilton a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Hilton’s revenue to grow 8.4% year on year, in line with the 8.8% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Hilton has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Hilton’s peers in the consumer discretionary - travel and vacation providers segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Wyndham delivered year-on-year revenue growth of 7.3%, meeting analysts’ expectations, and Carnival reported revenues up 3.5%, topping estimates by 1.1%. Wyndham traded down 4.2% following the results while Carnival was up 10.8%.
Read our full analysis of Wyndham’s results here and Carnival’s results here.
Investors in the consumer discretionary - travel and vacation providers segment have had steady hands going into earnings, with share prices flat over the last month. Hilton is up 9.2% during the same time and is heading into earnings with an average analyst price target of $355.41 (compared to the current share price of $349.76).
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