H World Group Q1 Adj $0.29 Beats $0.28 Estimate, Sales $731.00M Beat $711.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
H World Group (NASDAQ:HTHT) reported Q1 earnings of $0.29 per share, beating the analyst estimate of $0.28. Sales were $731 million, surpassing the $711.5 million estimate. Despite the earnings beat, EPS decreased by 35.56% year-over-year, while sales increased by 12.12%.
May 17, 2024 | 10:19 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
H World Group reported Q1 earnings of $0.29 per share, beating the analyst estimate of $0.28. Sales were $731 million, surpassing the $711.5 million estimate. Despite the earnings beat, EPS decreased by 35.56% year-over-year, while sales increased by 12.12%.
The earnings and revenue beats are positive indicators and likely to boost investor confidence in the short term. However, the significant year-over-year decrease in EPS may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100