Core Insights - Hilton Grand Vacations (HGV) is currently rated as a 1 (Strong Buy) by Zacks, while Choice Hotels (CHH) holds a 3 (Hold) rating, indicating a more favorable outlook for HGV among value investors [2][3]. Valuation Metrics - HGV has a Price-to-Book (P/B) ratio of 2.04, significantly lower than CHH's P/B ratio of 927.03, suggesting HGV may be undervalued relative to its book value [5]. - The forward Price-to-Earnings (P/E) ratio for HGV is 10.67, compared to CHH's forward P/E of 19.49, indicating HGV is trading at a lower valuation multiple [9]. - HGV's PEG ratio stands at 1.81, while CHH's PEG ratio is 2.16, suggesting HGV has a more favorable earnings growth outlook relative to its price [9]. Investment Considerations - The Zacks Rank system emphasizes companies with positive earnings estimate revisions, which is a strong indicator of HGV's improving earnings outlook [2][6]. - HGV has a Value grade of B, while CHH has a Value grade of C, reflecting HGV's stronger position based on various fundamental metrics [8].

See the full list of top ranked stocks here Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, July 15: Theravance Biopharma's shares gained 11.2% over the last one month compared with the S&P 500's advanced of 2.7%. The company possesses a Momentum Score of A. Sprout Social, Inc. (SPT) : This social media management company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.3% over the last 60 days. ...

Hilton Grand Vacations (HGV) closed the last trading session at $42.18, gaining 5.8% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $57.25 indicates a 35.7% upside potential. While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of ana ...

Core Viewpoint - Hilton Grand Vacations has demonstrated a strong earnings surprise history, indicating positive momentum in its earnings prospects, supported by a favorable Earnings ESP and Zacks Rank [2][4][10] Earnings Performance - For the most recent quarter, Hilton Grand Vacations reported earnings of $0.95 per share, exceeding the expected $0.87 per share by 9.20% [2] - In the previous quarter, the company reported $1.01 per share against a consensus estimate of $0.97 per share, resulting in a surprise of 4.12% [2] - The average surprise for the past two quarters stands at 6.66% [10] Earnings Estimates and Predictions - Analysts have been revising their estimates upward for Hilton Grand Vacations, contributing to a positive Earnings ESP of +16.12%, suggesting bullish sentiment regarding future earnings [4][6] - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) indicates a high likelihood of another earnings beat [4][7] Industry Context - Hilton Grand Vacations operates within the Zacks Hotels and Motels industry, which has shown potential for maintaining earnings-beat streaks [6] - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [7]

Table of Contents. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ____________________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_________ to ________ Commission file number 001-37794 ________________________________________ ...

Hilton Grand Vacations (HGV) reported $1.16 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 23.8%. EPS of $0.95 for the same period compares to $0.79 a year ago.The reported revenue represents a surprise of -0.77% over the Zacks Consensus Estimate of $1.16 billion. With the consensus EPS estimate being $0.87, the EPS surprise was +9.20%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wa ...

[Executive Summary & Q1 2024 Highlights](index=1&type=section&id=1.%20Executive%20Summary%20%26%20Q1%202024%20Highlights) [Overall Financial Performance](index=1&type=section&id=1.1%20Overall%20Financial%20Performance) Hilton Grand Vacations reported a mixed financial performance for Q1 2024, with significant revenue growth driven by the Bluegreen Vacations acquisition, but a net loss attributable to stockholders. Adjusted metrics, however, showed positive growth, indicating underlying operational strength despite acquisition-related impacts Q1 2024 Key Financial Highlights (YoY Comparison) | Metric | Q1 2024 | Q1 2023 | Change (YoY) | | :-------------------------------- | :------ | :------ | :----------- | | Total Contract Sales | $631M | - | +$108M (incl. Bluegreen) | | Member Count | 718,000 | - | - | | Net Owner Growth (NOG) (legacy HGV-DRI) | 2% | - | - | | Total Revenues | $1,156M | $934M | +23.8% | | Net Loss Attributable to Stockholders | $(4)M | $73M | -105.5% | | Adjusted Net Income Attributable to Stockholders | $99M | $90M | +10.0% | | Diluted EPS | $(0.04) | $0.64 | -106.3% | | Adjusted Diluted EPS | $0.95 | $0.79 | +20.3% | | Adjusted EBITDA Attributable to Stockholders | $273M | $218M | +25.2% | - The Company repurchased **2.3 million** shares of common stock for **$99 million** during Q1 2024, with **$213 million** remaining under the 2023 Share Repurchase Plan as of April 30, 2024[3](index=3&type=chunk) - Full-year 2024 Adjusted EBITDA guidance (excluding deferrals and recognitions) is reiterated in the range of **$1.2 billion** to **$1.26 billion**[3](index=3&type=chunk) [Strategic Developments & CEO Commentary](index=1&type=section&id=1.2%20Strategic%20Developments%20%26%20CEO%20Commentary) The CEO highlighted positive momentum, strong owner business, and near-record package activations, indicating robust consumer travel intent. Key strategic initiatives include the integration of Bluegreen Vacations, rebranding efforts, exploring new growth avenues with partners, and expanding lead channels through partnerships like Great Wolf Lodge - Hilton Grand Vacations completed the acquisition of Bluegreen Vacations Holding Corporation on January 17, 2024[4](index=4&type=chunk) - The Company is focused on integrating Bluegreen Vacations, advancing rebranding plans, engaging with new partners for growth, and expanding lead channels and tour flow through partnerships like Great Wolf Lodge[3](index=3&type=chunk) [Consolidated Segment Performance](index=2&type=section&id=2.%20Consolidated%20Segment%20Performance) [Real Estate Sales and Financing](index=2&type=section&id=2.1%20Real%20Estate%20Sales%20and%20Financing) The Real Estate Sales and Financing segment experienced substantial growth in Q1 2024, primarily driven by the Bluegreen Vacations acquisition and increased sales and financing revenues. Despite a slight decrease in profit margin, contract sales and tours significantly increased Real Estate Sales and Financing Segment Performance (Q1 2024 vs. Q1 2023) | Metric | Q1 2024 | Q1 2023 | Change (YoY) | | :-------------------------------- | :------ | :------ | :----------- | | Segment Revenues | $687M | $550M | +24.9% | | Segment Adjusted EBITDA | $206M | $169M | +21.9% | | Adjusted EBITDA Profit Margin | 30.0% | 30.7% | -0.7 pp | | Contract Sales | $631M | $523M | +20.6% | | Tours | 174,138 | 130,268 | +33.7% | | VPG (Volume per Guest) | $3,593 | $3,969 | -9.5% | - Bluegreen Vacations contributed **$98 million** to Sales of VOI, net, and **$36 million** to segment Adjusted EBITDA in Q1 2024[7](index=7&type=chunk) - Financing revenues increased by **$30 million**, driven by a **25 basis point** increase in the weighted average interest rate and a larger timeshare financing receivables portfolio. Bluegreen Vacations contributed **$17 million** to financing revenue and **$9 million** to financing profit[10](index=10&type=chunk) [Resort Operations and Club Management](index=2&type=section&id=2.2%20Resort%20Operations%20and%20Club%20Management) The Resort Operations and Club Management segment also saw increased revenues and Adjusted EBITDA in Q1 2024, benefiting from higher occupied room nights and daily rates, with Bluegreen Vacations contributing to this growth Resort Operations and Club Management Segment Performance (Q1 2024 vs. Q1 2023) | Metric | Q1 2024 | Q1 2023 | Change (YoY) | | :-------------------------------- | :------ | :------ | :----------- | | Segment Revenue | $360M | $302M | +19.2% | | Segment Adjusted EBITDA | $134M | $109M | +22.9% | | Adjusted EBITDA Profit Margin | 37.2% | 36.1% | +1.1 pp | - Bluegreen Vacations contributed **$29 million** to revenue and **$10 million** to the total increase in segment Adjusted EBITDA for Q1 2024[11](index=11&type=chunk) [Inventory Overview](index=2&type=section&id=3.%20Inventory%20Overview) Hilton Grand Vacations maintains a robust contract sales pipeline valued at $12.7 billion, with a significant portion currently available for sale. The company emphasizes capital-efficient inventory strategies, with just-in-time and fee-for-service inventory comprising nearly a third of its total pipeline Inventory Pipeline Breakdown (as of March 31, 2024) | Category | Value | Percentage of Total Pipeline | | :-------------------------------- | :------ | :--------------------------- | | Total Contract Sales Pipeline | $12.7B | 100% | | Currently Available for Sale | $8.4B | 66.1% | | Future Availability | $4.3B | 33.9% | | Owned Inventory | - | 89.5% | | Owned Inventory (Currently Available) | - | 67.5% of owned | | Fee-for-Service Inventory | - | 10.5% | | Fee-for-Service Inventory (Currently Available) | - | 53.9% of fee-for-service | | Capital-Efficient Inventory (Just-in-Time & Fee-for-Service) | - | 31.2% | [Financial Position & Liquidity](index=3&type=section&id=4.%20Financial%20Position%20%26%20Liquidity) [Balance Sheet](index=3&type=section&id=4.1%20Balance%20Sheet) As of March 31, 2024, HGV's balance sheet reflects increased assets and liabilities, largely due to the Bluegreen acquisition. The company maintains a substantial cash position and significant debt, with a weighted average interest rate for corporate debt at 6.963% and non-recourse debt at 4.969% Key Balance Sheet Items (as of March 31, 2024) | Metric | Amount (Millions) | | :-------------------------------- | :---------------- | | Cash and Cash Equivalents | $355 | | Restricted Cash | $323 | | Corporate Debt, net | $5,144 | | Non-Recourse Debt, net | $1,534 | | Weighted Average Interest Rate (Corporate Debt) | 6.963% | | Weighted Average Interest Rate (Non-Recourse Debt) | 4.969% | [Cash Flow and Debt](index=3&type=section&id=4.2%20Cash%20Flow%20and%20Debt) HGV reported negative free cash flow and adjusted free cash flow for Q1 2024, primarily due to acquisition and integration-related costs. The company maintains liquidity through unrestricted cash and borrowing capacity, with a total net leverage of approximately 3.74x Cash Flow Summary (Q1 2024 vs. Q1 2023) | Metric | Q1 2024 | Q1 2023 | Change (YoY) | | :-------------------------------- | :------ | :------ | :----------- | | Free Cash Flow | $(19)M | $15M | -$34M | | Adjusted Free Cash Flow | $(374)M | $33M | -$407M | - Adjusted free cash flow for Q1 2024 included **$121 million** in add-backs for acquisition and integration-related costs, compared to **$25 million** in Q1 2023[18](index=18&type=chunk) - As of March 31, 2024, liquidity included **$355 million** of unrestricted cash and **$293 million** remaining borrowing capacity under the revolver facility. The total net leverage on a trailing 12-month basis was approximately **3.74x**[16](index=16&type=chunk)[19](index=19&type=chunk) [Subsequent Events](index=3&type=section&id=4.3%20Subsequent%20Events) Subsequent to the quarter end, HGV completed a significant securitization of Bluegreen Vacations timeshare loans, enhancing liquidity and facilitating debt reduction - On April 25, 2024, HGV completed a **$240 million** securitization of legacy Bluegreen Vacations timeshare loans (Hilton Grand Vacations Trust 2024-1B) with a weighted average interest rate of **6.42%** and an advance rate of **90.5%**. Proceeds will primarily be used for debt reduction and general corporate purposes[20](index=20&type=chunk) [Construction Deferrals and Recognitions (ASC 606)](index=4&type=section&id=5.%20Construction%20Deferrals%20and%20Recognitions%20(ASC%20606)) Under ASC 606, HGV defers revenues and related expenses for sales at projects under construction until completion. For Q1 2024, the company recognized a net positive impact of $3 million from construction deferral activity, primarily from the Sesoko project, a shift from a net recognition of $2 million in Q1 2023 Net Construction Deferral Activity (Q1 2024 vs. Q1 2023) | Metric | Q1 2024 (Millions) | Q1 2023 (Millions) | | :-------------------------------- | :----------------- | :----------------- | | Sales of VOIs recognitions (deferrals) | $2 | $4 | | Cost of VOI sales recognitions (deferrals) | $(1) | $1 | | Sales and marketing expense recognitions (deferrals) | — | $1 | | Net construction recognitions (deferrals) | $3 | $2 | - The net recognition of **$3 million** in Q1 2024 was related to the Sesoko project, while Q1 2023 included a **$2 million** net recognition from the Maui Bay Villas Phase III project[6](index=6&type=chunk)[8](index=8&type=chunk) [Non-GAAP Financial Measures Definitions](index=6&type=section&id=6.%20Non-GAAP%20Financial%20Measures%20Definitions) This section provides definitions and reconciliations for various non-GAAP financial measures used by Hilton Grand Vacations, including Adjusted Net Income/Loss, Adjusted Diluted EPS, EBITDA, Adjusted EBITDA, Free Cash Flow, Adjusted Free Cash Flow, and segment-specific profit measures. These metrics are presented to offer additional insights into the company's operational performance and liquidity, complementing U.S. GAAP measures - Non-GAAP measures include Adjusted Net Income or Loss, Adjusted Diluted EPS, EBITDA, Adjusted EBITDA, Adjusted EBITDA Attributable to Stockholders, EBITDA profit margin, Adjusted EBITDA profit margin, Free Cash Flow, and Adjusted Free Cash Flow[34](index=34&type=chunk) - These measures are used by management and investors to evaluate operating performance, efficiency, and to compare results across companies in the industry, despite their limitations as analytical tools[35](index=35&type=chunk)[43](index=43&type=chunk) - Key real estate metrics defined include Contract sales, Developed Inventory, Fee-for-Service Inventory, Just-in-Time Inventory, Points-Based Inventory, Net Owner Growth (NOG), Sales revenue, Tour flow, and Volume per guest (VPG)[56](index=56&type=chunk)[57](index=57&type=chunk)[58](index=58&type=chunk)[59](index=59&type=chunk) [Detailed Financial Tables](index=10&type=section&id=7.%20Detailed%20Financial%20Tables) This section contains a comprehensive set of financial tables, including condensed consolidated balance sheets, statements of operations, cash flows, and various reconciliations of non-GAAP measures to GAAP. It also provides detailed schedules for segment revenues, EBITDA, and profit breakdowns for real estate sales, financing, resort and club management, and rental and ancillary services - The report includes Condensed Consolidated Balance Sheets (T-2), Statements of Operations (T-3), and Statements of Cash Flows (T-4) for Q1 2024 and Q1 2023[62](index=62&type=chunk)[63](index=63&type=chunk)[65](index=65&type=chunk)[66](index=66&type=chunk) - Reconciliations are provided for Free Cash Flow (T-5), Segment Revenue (T-6), Segment EBITDA and Adjusted EBITDA (T-7), and Adjusted Net Income and Diluted EPS (T-15)[62](index=62&type=chunk)[68](index=68&type=chunk)[70](index=70&type=chunk)[72](index=72&type=chunk)[91](index=91&type=chunk) - Detailed profit schedules are presented for Real Estate Sales (T-8), Financing (T-10), Resort and Club Management (T-11), and Rental and Ancillary Services (T-12), along with segment-specific Adjusted EBITDA tables (T-13, T-14)[62](index=62&type=chunk)[74](index=74&type=chunk)[78](index=78&type=chunk)[81](index=81&type=chunk)[83](index=83&type=chunk)[86](index=86&type=chunk)[88](index=88&type=chunk)

Analysts on Wall Street project that Hilton Grand Vacations (HGV) will announce quarterly earnings of $0.87 per share in its forthcoming report, representing an increase of 10.1% year over year. Revenues are projected to reach $1.16 billion, increasing 24.7% from the same quarter last year.The current level reflects an upward revision of 11.6% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial ...

Hilton Grand Vacations (HGV) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________ FORM 10-K ________________________________ (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission file number 001-37794 ___________________ ...