Hilton Worldwide FY24 Outlook: Adj. EPS $6.80 - $6.94 Vs. $7.07 Estimate, GAAP EPS $6.57 - $6.71
Portfolio Pulse from Benzinga Newsdesk
Hilton Worldwide has provided its FY24 outlook, projecting adjusted EPS of $6.80 - $6.94, below the $7.07 estimate. GAAP EPS is expected to be $6.57 - $6.71, with system-wide comparable RevPAR growth of 2.0% - 4.0%. Net income is forecasted between $1,694 million and $1,729 million, and adjusted EBITDA between $3,330 million and $3,380 million. The company plans capital returns of approximately $3.0 billion, with net unit growth of 5.5% - 6.0%.
February 07, 2024 | 11:08 am
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Hilton Worldwide's FY24 outlook indicates adjusted EPS below estimates, with expected GAAP EPS of $6.57 - $6.71 and adjusted EPS of $6.80 - $6.94. The company forecasts RevPAR growth of 2.0% - 4.0% and plans a $3.0 billion capital return.
The projected adjusted EPS being below estimates could lead to a negative short-term impact on Hilton's stock price. However, the planned $3.0 billion capital return and positive RevPAR growth may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100