Hilton Boosts FY24 Adj EPS Outlook From $6.80-$6.94 To $6.89-$7.03, Est $7.12
Portfolio Pulse from Benzinga Newsdesk
Hilton has raised its FY24 adjusted EPS outlook from $6.80-$6.94 to $6.89-$7.03, though this is still below the estimated $7.12. The company expects system-wide comparable RevPAR to increase by 2.0% to 4.0% on a currency neutral basis compared to 2023. Net unit growth, excluding the Graduate Hotels brand acquisition, is projected at 6.0% to 6.5%.
April 24, 2024 | 10:06 am
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Hilton raises its FY24 adjusted EPS outlook to $6.89-$7.03, below analysts' expectations of $7.12, with projected RevPAR growth of 2-4% and net unit growth of 6-6.5%, excluding the Graduate Hotels acquisition.
The updated EPS outlook, while improved, still falls short of market expectations, which could lead to mixed reactions from investors. The projected growth in RevPAR and net unit, excluding the Graduate Hotels acquisition, indicates a positive outlook on operational performance but may not be sufficient to significantly move the stock in the short term.
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