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Hilton Worldwide Tops Q4 Earnings Forecast, Guides for Solid Q1 Growth

Hilton Worldwide posted stronger-than-expected fourth quarter earnings Tuesday, and guided for a solid start to 2019, easing concerns of a slowdown in global travel as the economy cools and oil prices rise.

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Hilton said adjusted earnings for the three months ending in December came in at 79 a share, up 49% from the same period last year and four cents ahead of the Street consensus forecast. Group revenues, Hilton said, rose 10.6% to $2.288 billion, modestly ahead of analysts' forecasts of "2.27 billion.

Looking into 2019, Hilton said it sees first quarter earnings of between 56 cents and 61 cents per share, essentially within the midpoint of Refinitiv's 59 cents per share forecast, and a full-year growth rate in the average revenue per available room, a key industry metric, of between 1% and 3%.

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https://www.thestreet.com/investing/earn...yptr=yahoo

Hilton's (HLT) Q4 Earnings & Revenues Top Estimates, Rise Y/Y

Hilton Worldwide Holdings Inc. HLT reported fourth-quarter 2019 results, wherein both earnings and revenues came ahead of the Zacks Consensus Estimate. While the bottom line beat estimates for the sixth straight quarter, the top line marked its third successive positive surprise.

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Hilton’s adjusted earnings of $1.00 per share surpassed the consensus mark of 95 cents and improved 6.4% on a year-over-year basis. Further, it came above management’s forecasted range of 91-96 cents per share.

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Revenues totaled $2,369 million, which surpassed the consensus mark of $2,337 million. Moreover, the reported figure improved 3.5% from the year-ago quarter. This could be attributable to continued unit expansion.

Notably, Hilton opened 143 hotels during the fourth quarter of 2019. It also achieved net unit growth of roughly 17,000 rooms.


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https://finance.yahoo.com/news/hiltons-h...02963.html