Hilton Grand Vacations Q2 2024 Adj EPS $0.02 Misses $0.90 Estimate, Sales $1.24B Miss $1.31B Estimate
Portfolio Pulse from Benzinga Newsdesk
Hilton Grand Vacations (NYSE:HGV) reported Q2 2024 earnings of $0.02 per share, missing the analyst estimate of $0.90 by 97.78%. Sales were $1.24 billion, missing the $1.31 billion estimate by 5.92%, but up 22.64% from last year's $1.01 billion.
August 08, 2024 | 11:32 am
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Hilton Grand Vacations reported Q2 2024 earnings of $0.02 per share, significantly missing the analyst estimate of $0.90. Sales were $1.24 billion, missing the $1.31 billion estimate but showing a 22.64% increase from last year.
The significant miss on both EPS and sales estimates is likely to negatively impact HGV's stock price in the short term. Despite the year-over-year sales increase, the market is expected to react to the large EPS miss.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100