Hilton Worldwide 1Q24 Outlook: Adj. EPS $1.36 - $1.44 Vs. $1.42 Estimate, GAAP $1.32 - $1.40
Portfolio Pulse from Benzinga Newsdesk
Hilton Worldwide has provided its outlook for the first quarter of 2024, projecting an adjusted EPS of $1.36 to $1.44, slightly above the $1.42 estimate. The company expects system-wide comparable RevPAR to increase by 2.0% to 4.0% on a currency neutral basis compared to Q1 2023. GAAP diluted EPS is forecasted to be between $1.32 and $1.40, with net income projected between $340 million and $359 million. Adjusted EBITDA is anticipated to be between $690 million and $710 million.
February 07, 2024 | 11:09 am
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POSITIVE IMPACT
Hilton Worldwide's Q1 2024 outlook indicates a positive performance with adjusted EPS projections slightly above estimates and expected growth in RevPAR.
The positive outlook, especially the adjusted EPS forecast surpassing the analyst estimate, suggests strong operational performance and efficiency. The projected increase in RevPAR indicates a healthy demand for Hilton's services, which is likely to positively influence investor sentiment and potentially drive the stock price up in the short term.
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IMPORTANCE 90
RELEVANCE 100