Hilton Worldwide Lowers FY24 GAAP EPS Outlook To $5.58-$5.68 ($6.06-$6.15 Prior) Vs. $6.15 Estimate
Portfolio Pulse from Mohit Manghnani
Hilton Worldwide has lowered its FY24 GAAP EPS outlook to $5.58-$5.68 from a previous range of $6.06-$6.15, which is below the $6.15 estimate. The company projects a 2.0-2.5% increase in RevPAR, adjusted EPS of $6.93-$7.03, and net income of $1,405-$1,429 million.
October 23, 2024 | 10:04 am
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Hilton Worldwide has revised its FY24 GAAP EPS outlook downward to $5.58-$5.68, below the previous range and market estimate. This revision may impact investor sentiment negatively in the short term.
The downward revision of Hilton's FY24 GAAP EPS outlook from $6.06-$6.15 to $5.58-$5.68, which is below the market estimate of $6.15, suggests potential challenges in meeting earnings expectations. This could lead to negative investor sentiment and short-term stock price pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100