Hilton Sees FY24 Adj. EPS $6.93-$7.03 vs $7.11 Est., Sees Q3 Adj. EPS $1.80-$1.85 vs $1.90 Est.
Portfolio Pulse from Benzinga Newsdesk
Hilton has provided its financial outlook for FY24 and Q3. The company expects FY24 adjusted EPS to be between $6.93 and $7.03, which is below the estimated $7.11. For Q3, Hilton anticipates adjusted EPS to be between $1.80 and $1.85, also below the estimated $1.90.
August 07, 2024 | 10:06 am
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Hilton's financial outlook for FY24 and Q3 is below market expectations. The company expects FY24 adjusted EPS to be between $6.93 and $7.03, compared to the estimated $7.11. For Q3, Hilton anticipates adjusted EPS to be between $1.80 and $1.85, below the estimated $1.90.
Hilton's guidance for both FY24 and Q3 adjusted EPS is below market expectations, which is likely to negatively impact the stock price in the short term as investors react to the lower-than-expected earnings outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100