Hilton Worldwide Holdings Inc. (NYSE:HLT) is projected to declare fiscal fourth quarter financial results right before the stock market’s official open on March 02, 2017. The stock added about 19 percent in price since last results when it was at $22.73 a share. Based on the most relevant past-periods data, there is an 63.64 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 7 times out of last 11 reported quarters. It has beaten earnings-per-share estimates 33% of the time in its last 12 earnings reports. It fell short of earnings estimates on 4 occasions, and it has met expectations 4 times.
Here’s how traders responded to HLT earnings announcements over the past few quarters.
Hilton Worldwide Holdings Inc. (HLT) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 0.6 percent over the past four quarters. Back on October 26, 2016, it posted earnings per-share earnings at $0.23 which came in line with the consensus $0.23 projection (no surprise). For the quarter, revenue came in at 2.94B versus consensus estimate of 3B. The stock dropped -1.8 percent the session following the earnings reports were released, and on 7th day price change was -1.28 percent.
On July 27, 2016, it reported earnings at $0.25 a share compared with the consensus estimate of $0.26 per share (negative surprise of -3.85%). Revenue of 3.05B for that quarter was below the $3.06B analysts had expected. The stock retreated -2.94% the day following the earnings announcement, and on 7th day price change was -4.2%.
On April 27, 2016, it recorded $0.17 a share in earnings which topped the consensus estimate of $0.16 (positive surprise of 6.25%). Revenue for the quarter was $2.75B while analysts called for revenues to be $2.72B. The stock gained 2.93% the day following the earnings data was made public, and on 7th day price change was 2.56%.
On February 26, 2016, it announced earnings per share at $0.22 versus the consensus estimate of $0.22 per share (negative surprise of 0%). That came on revenues of $2.9B for that period. Analysts had expected $2.87B in revenue.
Hilton Worldwide Holdings Inc. Earnings Estimates
As Q4 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.22. The analysts’ present consensus range is $0.2-$0.25 for EPS. The market consensus range for revenue is between $2.73B and $3.05B, with an average of $2.91B.
Hilton Worldwide Holdings Inc. (NYSE:HLT) last ended at $27.25, sending the company’s market cap near $26.97B. The consensus 12-month price target from analysts covering the stock is $30.02. The share price has declined -2.5% from its top level in 52 weeks and dropped 28.94% this year. It recently traded in a range of $26.95-$27.29 at a volume of 2823914 shares. The recent trading ended with the price nearly -1.73 lower for the last 5 trading days, rebounding 70.74% from its 52-week low.