Hilton Grand Vacations Q4 Adj. EPS $1.01 Beats $0.95 Estimate, Sales $1.02B Miss $1.02B Estimate
Portfolio Pulse from Benzinga Newsdesk
Hilton Grand Vacations (HGV) reported Q4 adjusted EPS of $1.01, surpassing the $0.95 estimate, while sales of $1.02B slightly missed the $1.02B estimate, marking a 2.72% increase from the previous year.
February 29, 2024 | 12:31 pm
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Hilton Grand Vacations reported a Q4 adjusted EPS of $1.01, beating estimates, but sales of $1.02B slightly missed expectations, showing a 2.72% year-over-year increase.
The positive earnings surprise, with EPS exceeding analyst expectations, is likely to be viewed favorably by investors, potentially leading to a short-term uptick in HGV's stock price. However, the slight miss on sales estimates could temper some of the positive momentum. Overall, the year-over-year sales growth and earnings beat are key factors that could drive investor sentiment positively in the short term.
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