Hilton (HLT) Tops Q2 Earnings & Revenues, Lifts '17 View
Zacks Investment Research | Jul 25, 2017 09:55PM ET
Hilton Worldwide Holdings Inc. (NYSE:HLT) reported better-than-expected second-quarter 2017 results with both earnings and revenues surpassing the Zacks Consensus Estimate.
We note that in January, Hilton completed the spin-offs of Park Hotels & Resorts, Inc. (NYSE:PK) and Hilton Grand Vacations Inc. (NYSE:HGV) , resulting in three independent publicly traded companies. On the same day, the company also affected the previously announced 1-for-3 reverse stock split.
All these changes are expected to make Hilton a fee-based, capital efficient, and resilient business having enormous growth potential worldwide.
Earnings and Revenue Discussion
Adjusted earnings per share (EPS) of 52 cents per share beat the Zacks Consensus Estimate of 50 cents by 4%. Moreover, earnings soared 30% year over year primarily owing to higher revenues. Also, the same came above management’s guided range of 47 cents to 51 cents.
Total revenue of $2.35 billion rose 20.3% year over year and topped the Zacks Consensus Estimate of $2.30 billion by nearly 2%.
Hilton Worldwide Holdings Inc. Price, Consensus and EPS Surprise
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