Hilton shares gained 57% over the past year but dropped 2% after Q3 earnings and disappointing guidance. Hilton's Q3 earnings beat EPS estimates but missed revenue expectations, with strong adjusted EBITDA growth and robust margins due to its capital-light franchising model. Despite slower growth in existing business, Hilton's aggressive expansion plans and franchise fee-driven cash flow support solid long-term earnings growth and capital returns.
Hilton Worldwide Holdings Inc. (NYSE:HLT ) Q3 2024 Earnings Conference Call October 23, 2024 9:00 AM ET Company Participants Jill Chapman - SVP, IR and Corporate Development Christopher Nassetta - President and CEO Kevin Jacobs - CFO and President, Global Development Conference Call Participants Joe Greff - JPMorgan Shaun Kelley - Bank of America Merrill Lynch Stephen Grambling - Morgan Stanley Carlo Santarelli - Deutsche Bank David Katz - Jefferies Robin Farley - UBS Smedes Rose - Citi Lizzie Dove - Goldman Sachs Brandt Montour - Barclays Michael Bellisario - Baird Meredith Jensen - HSBC Chad Beynon - Macquarie Patrick Scholes - Truist Securities Operator Good morning and welcome to the Hilton Third Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.
HLT's third-quarter 2024 results benefit from notable improvements in revenue per available room, driven by higher occupancy rates and increased average daily rates.
While the top- and bottom-line numbers for Hilton Worldwide (HLT) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Hilton Worldwide Holdings Inc. (HLT) came out with quarterly earnings of $1.92 per share, beating the Zacks Consensus Estimate of $1.85 per share. This compares to earnings of $1.67 per share a year ago.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Hilton Worldwide (HLT), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.
HLT's third-quarter 2024 performance is likely to have benefited from the development pipeline, strategic partnerships and RevPAR improvements.
Hilton Worldwide (HLT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Hilton Hotels comprises a notable 18.5% of Bill Ackman's portfolio. The company manages the Hilton brand and is a take rate on global travel.
Bill Ackman, the legendary investor running the show at Pershing Square Capital Management, is a terrific investor to follow if you buy into Warren Buffett's investment philosophies.
Around 2,000 hotel workers walked off the job on Tuesday at Hilton Worldwide Holdings' largest hotel in the world as contract negotiations stalled, according to the Unite Here Union.
Hilton Worldwide (HLT) reported earnings 30 days ago. What's next for the stock?