Hilton Worldwide Reiterates FY24 Adj. EPS Outlook of $6.93-$7.03 Vs. $7.06 Estimate
Portfolio Pulse from Mohit Manghnani
Hilton Worldwide has reiterated its FY24 adjusted EPS outlook of $6.93-$7.03, slightly below the $7.06 estimate. The company projects a 2.0-2.5% increase in RevPAR, net income between $1,405M and $1,429M, and adjusted EBITDA between $3,375M and $3,405M. Capital return is expected to be around $3.0 billion.
October 23, 2024 | 10:03 am
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Hilton Worldwide has reiterated its FY24 adjusted EPS outlook of $6.93-$7.03, which is slightly below the $7.06 estimate. The company expects a 2.0-2.5% increase in RevPAR and strong net income and adjusted EBITDA figures.
Hilton's reaffirmation of its FY24 adjusted EPS outlook slightly below estimates may cause a neutral short-term impact on the stock price. The projected growth in RevPAR and strong financial metrics like net income and adjusted EBITDA provide a balanced outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100