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Hilton Worldwide Holdings Inc. (HLT) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
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Hilton Worldwide Holdings Inc. (HLT - Free Report) reported $2.67 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 12.9%. EPS of $1.67 for the same period compares to $1.31 a year ago.
The reported revenue represents a surprise of +2.57% over the Zacks Consensus Estimate of $2.61 billion. With the consensus EPS estimate being $1.67, the company has not delivered EPS surprise.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Hilton Worldwide Holdings Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
RevPAR Growth - System-wide: 6.8% versus 5.8% estimated by three analysts on average.
Revenue per available room - System-Wide: $121.37 versus $120.12 estimated by three analysts on average.
Property Summary - Total Franchised Rooms: 896,831 versus the two-analyst average estimate of 901,998.
Average daily rate - System-Wide: $161.20 versus the two-analyst average estimate of $161.48.
Property Summary - Total Systemwide Rooms: 1,159,785 compared to the 1,167,257 average estimate based on two analysts.
Occupancy - System-Wide: 75.3% versus 76.2% estimated by two analysts on average.
Revenues- Owned and leased hotels: $335 million compared to the $329.49 million average estimate based on six analysts. The reported number represents a change of +13.6% year over year.
Revenues- Other revenues: $45 million versus $33.49 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +60.7% change.
Revenues- Incentive management fees: $63 million compared to the $64.42 million average estimate based on five analysts. The reported number represents a change of +21.2% year over year.
Revenues- Franchise and licensing fees: $643 million versus the five-analyst average estimate of $626.76 million. The reported number represents a year-over-year change of +12.2%.
Revenues- Base and other management fees: $81 million versus the five-analyst average estimate of $83.13 million. The reported number represents a year-over-year change of +6.6%.
Revenues- Other revenues from managed and franchised properties: $1.51 billion versus $1.47 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +12.1% change.
Shares of Hilton Worldwide Holdings Inc. have returned +1.6% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Hilton Worldwide Holdings Inc. (HLT) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
Hilton Worldwide Holdings Inc. (HLT - Free Report) reported $2.67 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 12.9%. EPS of $1.67 for the same period compares to $1.31 a year ago.
The reported revenue represents a surprise of +2.57% over the Zacks Consensus Estimate of $2.61 billion. With the consensus EPS estimate being $1.67, the company has not delivered EPS surprise.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Hilton Worldwide Holdings Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- RevPAR Growth - System-wide: 6.8% versus 5.8% estimated by three analysts on average.
- Revenue per available room - System-Wide: $121.37 versus $120.12 estimated by three analysts on average.
- Property Summary - Total Franchised Rooms: 896,831 versus the two-analyst average estimate of 901,998.
- Average daily rate - System-Wide: $161.20 versus the two-analyst average estimate of $161.48.
- Property Summary - Total Systemwide Rooms: 1,159,785 compared to the 1,167,257 average estimate based on two analysts.
- Occupancy - System-Wide: 75.3% versus 76.2% estimated by two analysts on average.
- Revenues- Owned and leased hotels: $335 million compared to the $329.49 million average estimate based on six analysts. The reported number represents a change of +13.6% year over year.
- Revenues- Other revenues: $45 million versus $33.49 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +60.7% change.
- Revenues- Incentive management fees: $63 million compared to the $64.42 million average estimate based on five analysts. The reported number represents a change of +21.2% year over year.
- Revenues- Franchise and licensing fees: $643 million versus the five-analyst average estimate of $626.76 million. The reported number represents a year-over-year change of +12.2%.
- Revenues- Base and other management fees: $81 million versus the five-analyst average estimate of $83.13 million. The reported number represents a year-over-year change of +6.6%.
- Revenues- Other revenues from managed and franchised properties: $1.51 billion versus $1.47 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +12.1% change.
View all Key Company Metrics for Hilton Worldwide Holdings Inc. here>>>Shares of Hilton Worldwide Holdings Inc. have returned +1.6% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.