By Hilton Worldwide is set to announce its fourth-quarter results on Wednesday morning, with analysts on Wall Street anticipating a rise in revenue driven by continued momentum in travel. Here’s what you need to know:
Net Income
According to the consensus of 12 analysts surveyed by FactSet, Hilton is expected to report a profit of $385.5 million, up from $333.0 million in the same period last year.
Adjusted Earnings
Analysts surveyed predict that Hilton will post an adjusted profit of $1.57 per share.
Revenue
FactSet’s survey of nine analysts indicates that the company is likely to report fourth-quarter revenue of $2.61 billion, compared to $2.44 billion in the same period last year.
During the quarter, Hilton’s stock price increased by approximately 21% and currently trades at $194.38 per share.
Key Points to Watch
Analysts at Evercore expect asset-light hotel operators like Hilton and its competitors to have strong fourth quarters, coupled with positive guidance for 2024. However, they note that the industry is transitioning from last year’s growth driven by reopening to a more normalized environment this year.
Bloomberg has reported on discussions between Hilton and the Graduate Hotels brand regarding a potential acquisition. Graduate Hotels specializes in building properties in college towns such as Ann Arbor, Michigan, and Princeton, New Jersey. Executives will likely address this topic during Hilton’s conference call.
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