Hilton Expects Q2 Adjusted EPS Of $1.80-$1.86, Est $1.88
Portfolio Pulse from Benzinga Newsdesk
Hilton forecasts its Q2 adjusted EPS to be between $1.80-$1.86, slightly below the estimated $1.88. The company expects a 2.0-4.0% increase in system-wide comparable RevPAR on a currency neutral basis compared to Q2 2023. Adjusted EBITDA is projected to range from $890 million to $910 million.
April 24, 2024 | 10:08 am
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Hilton's Q2 adjusted EPS forecast is slightly below analyst estimates, with expected growth in RevPAR and adjusted EBITDA.
The slight miss in the EPS forecast compared to analyst expectations could lead to short-term negative sentiment among investors. However, the projected growth in RevPAR and adjusted EBITDA indicates underlying strength in Hilton's operations, which might mitigate some of the negative impact.
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