CORRECTION: H World Group Q1 Adj. EPADS $0.34 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 $0.34 per ADS, beating the analyst estimate of $0.28. Sales were $731.00M, surpassing the $711.50M estimate. Despite the earnings beat, EPS decreased by 24.44% YoY, while sales increased by 12.12% YoY.
May 17, 2024 | 12:40 pm
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H World Group reported Q1 earnings of $0.34 per ADS, beating the $0.28 estimate. Sales were $731.00M, above the $711.50M estimate. Despite the earnings beat, EPS decreased by 24.44% YoY, while sales increased by 12.12% YoY.
The earnings and sales beat are positive indicators for the stock in the short term. However, the YoY decrease in EPS may temper some of the enthusiasm. Overall, the positive earnings surprise and sales growth are likely to drive the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100