Hilton Grand Vacations Lowers FY23 Adj. EBITDA Outlook From $1.09B - $1.12B To $1B - $1.02B
Portfolio Pulse from Benzinga Newsdesk
Hilton Grand Vacations has lowered its FY23 Adjusted EBITDA outlook from $1.09B - $1.12B to $1B - $1.02B. The revision includes a reduction of approximately $17 million to $20 million due to the impact of the Maui wildfires in Q3 and Q4.
November 06, 2023 | 12:34 pm
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Hilton Grand Vacations has revised its FY23 Adjusted EBITDA outlook downwards due to the impact of the Maui wildfires. This could potentially impact the company's stock price.
The company's revised outlook indicates a potential decrease in earnings, which is a key factor investors consider when valuing a company. The impact of the Maui wildfires on the company's earnings could lead to a negative sentiment among investors, potentially leading to a decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
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