股 票 研 究 [Table_industryInfo] 社会服务业 [ Table_Main[华I Tnaf 住bol]e 集_Ti团tle] - S（1179） [评Tab级le_：Inv est] 增持 当前价格（港元）： 31.25 优势明显份额提升，估值有望持续修复 2024.03.21 海 ——华住集团23Q4 业绩点评 [ 交Ta易bl数e_M据a rket] 外 刘越男(分析师) 于清泰(分析师) 52周内股价区间（港元） 23.45-39.50 当前股本（百万股） 3,265 公 021-38677706 021-38022689 当前市值（百万港元） 102,045 司 liuyuenan@gtjas.com yuqingtai@gtjas.com 证书编号 S0880516030003 S0880519100001 （ [ Table_PicQuote] 中 本报告导读： 52周内股价走势图 国 2023Q4 业绩及对 2024 年指引均符合预期，华住自身竞争优势明显，将持续获取份 华住集团-S 恒生指数 额，估值修复进程将持续。 香 9% 摘要： 港 1% [T abl业e_S绩um ...

Full Year RevPAR in China Recovered to 122% of the 2019 LevelSINGAPORE and SHANGHAI, March 20, 2024 /PRNewswire/ -- H World Group Limited ("H World" or "the Group", NASDAQ: HTHT and HKEX: 1179) announced its unaudited financial results for the fourth quarter ("Q4 2023") and full year ended December 31, 2023.Strong Recovery Momentum in Legacy-Huazhu: RevPAR of 2023 Recovers to 122% of 2019 Levels The Interior of the Newly Launched Ji Hotel 5.0 Supported by the sustained recovery in both leisure and busi ...

H World Group (HTHT) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to loss of $0.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.45%. A quarter ago, it was expected that this hotel operator would post earnings of $0.49 per share when it actually produced earnings of $0.56, delivering a surprise of 14.29%.Over the last four quarters, the company ...

Hotel Operations - As of December 31, 2023, H World Group operated a total of 9,394 hotels and 912,444 hotel rooms[1] - The company operates 11% of its hotel rooms under the lease and ownership model, while 89% are under the manachise and franchise model[53] - As of December 31, 2023, the total number of operational hotels reached 9,263, with an additional 3,061 hotels in the pipeline[72] - The company temporarily closed 18 hotels in Q4 2023 for brand upgrades and business model changes[71] - The company added 2 hotels in Q4 2023, bringing the total number of hotels to 131 as of December 31, 2023[85] - The total number of rooms as of December 31, 2023, was 26,814, with 37 unopened hotels in the pipeline[85] - The company has 21 unopened hotels in the pipeline for leased hotels as of December 31, 2023[85] Financial Performance - Revenue for Q4 2023 was RMB5.6 billion (US$786 million), a 50.7% year-over-year increase, surpassing the guidance of 41%-45%[2] - For the full year 2023, revenue reached RMB21.9 billion (US$3.1 billion), a 57.9% increase from 2022[18] - Net income attributable to H World in Q4 2023 was RMB743 million (US$105 million), compared to a net loss of RMB124 million in Q4 2022[3] - For the full year 2023, net income attributable to H World Group Limited was RMB4.1 billion, a recovery from a net loss of RMB1.8 billion in 2022[37] - Operating cash inflow for the full year 2023 was RMB7.7 billion, significantly higher than RMB1.6 billion in 2022, demonstrating improved cash generation capabilities[41] - Net income attributable to H World Group Limited increased significantly from a loss of RMB 124 million in 2022 to a profit of RMB 1,337 million in 2023[67] - Adjusted EBITDA rose dramatically from RMB 398 million in 2022 to RMB 2,186 million in 2023, reflecting a substantial growth of 449%[67] Revenue and Growth Expectations - H World expects revenue growth of 12%-16% for Q1 2024 and 8%-12% for the full year 2024[6] - The company plans to open approximately 1,800 hotels and close around 650 hotels in 2024[6] - The company plans to continue expanding its hotel portfolio and enhancing operational efficiency to drive future growth[60] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[64] Operating Costs and Expenses - Hotel operating costs in Q4 2023 were RMB4.0 billion, an increase from RMB3.4 billion in Q4 2022 and RMB3.6 billion in Q3 2023, with a year-over-year increase of 17.6% attributed to business recovery and less rental reduction[25] - For the full year 2023, hotel operating costs totaled RMB14.3 billion, up from RMB12.3 billion in 2022, with costs from the Legacy-Huazhu segment representing 60.4% of revenue compared to 86.1% in 2022[26] - Selling and marketing expenses in Q4 2023 were RMB326 million, compared to RMB169 million in Q4 2022, reflecting a year-over-year increase of 92.3% due to higher commissions and promotional expenses[26] - General and administrative expenses in Q4 2023 were RMB644 million, up from RMB440 million in Q4 2022, with the increase mainly due to higher personnel costs[27] Key Performance Indicators - Legacy-Huazhu's RevPAR recovered to 122% of the 2019 level in 2023, driven by strong leisure and business travel demand[15] - Legacy-DH achieved a 14.5% year-over-year RevPAR increase in 2023, with a focus on transforming to a more asset-light model[15] - Average daily room rate for leased and owned hotels improved by 36.9% year-over-year, rising from RMB 272 to RMB 372[77] - The occupancy rate for leased and owned hotels increased by 18.9 percentage points, from 63.9% in 2022 to 82.8% in 2023[77] - RevPAR for leased and owned hotels surged by 77.4%, increasing from RMB 174 in 2022 to RMB 308 in 2023[77] - Same-hotel RevPAR for the quarter ended December 31, 2023, increased by 40.8% year-over-year to $230[82] - Same-hotel occupancy rate for the quarter ended December 31, 2023, improved to 81.2%, a year-over-year increase of 13.9 percentage points[82] - Same-hotel ADR for the quarter ended December 31, 2023, was $248, reflecting a year-over-year increase of 24.1%[82] - The company reported a same-hotel occupancy rate of 84.3% for the year ended December 31, 2023, up 15.2 percentage points year-over-year[84] - The RevPAR for leased hotels increased by 20.9% year-over-year to €74 for the full year ended December 31, 2023[88] Assets and Liabilities - Total current assets increased from RMB 9,178 million in 2022 to RMB 12,056 million in 2023, representing a growth of 31%[57] - Total assets rose from RMB 61,507 million in 2022 to RMB 63,532 million in 2023, an increase of 3%[57] - Total liabilities decreased from RMB 52,704 million in 2022 to RMB 51,283 million in 2023, a reduction of 3%[57] - H World reported cash and cash equivalents of RMB 6,946 million as of December 31, 2023, up from RMB 3,583 million in 2022, a growth of 94%[57] Non-GAAP Measures - Adjusted EBITDA (non-GAAP) for Q4 2023 was RMB1.3 billion (US$178 million), up from RMB398 million in Q4 2022[5] - Adjusted EBITDA is used to assess the operating results of hotels, excluding share-based compensation expenses and gains or losses from fair value changes of equity securities[48] - H World believes that adjusted EBITDA provides a clearer picture of financial performance, as it excludes significant volatility from fair value changes of equity securities[48] - H World emphasizes the importance of non-GAAP financial measures for internal comparisons and investor transparency[50]

Core Viewpoint - H World Group Limited reported significant financial growth for the fourth quarter and full year of 2023, with substantial increases in hotel turnover, revenue, and net income, indicating a strong recovery in the hotel industry post-pandemic [1][24]. Financial Performance - Hotel turnover increased by 55.0% year-over-year to RMB20.4 billion in Q4 2023, and by 65.9% for the full year [1]. - Revenue for Q4 2023 was RMB5.6 billion (US$786 million), a 50.7% year-over-year increase, surpassing previous guidance [1][9]. - Full year revenue reached RMB21.9 billion (US$3.1 billion), representing a 57.9% increase compared to 2022 [1][9]. - Net income attributable to H World was RMB743 million (US$105 million) in Q4 2023, compared to a net loss of RMB124 million in Q4 2022 [23]. - For the full year, net income was RMB4.1 billion (US$575 million), recovering from a net loss of RMB1.8 billion in 2022 [24]. Operational Highlights - As of December 31, 2023, H World operated 9,394 hotels with 912,444 rooms, including 131 hotels from Legacy-DH [2][35]. - The Legacy-Huazhu segment opened 460 hotels in Q4 2023 and had 3,061 hotels in the pipeline [2][3]. - The average daily room rate (ADR) for Legacy-Huazhu was RMB284 in Q4 2023, up from RMB240 in Q4 2022 [4]. - The occupancy rate for Legacy-Huazhu hotels was 80.5% in Q4 2023, compared to 66.2% in Q4 2022 [4]. Segment Performance - Revenue from the Legacy-Huazhu segment in Q4 2023 was RMB4.4 billion, a 59.0% year-over-year increase [1][9]. - Legacy-DH segment revenue for Q4 2023 was RMB1.2 billion, a 26.6% year-over-year increase [1][9]. - Adjusted EBITDA for the full year 2023 was RMB6.9 billion (US$966 million), compared to RMB610 million in 2022 [26]. Future Guidance - For Q1 2024, H World expects revenue growth of 12%-16% compared to Q1 2023 [28]. - For the full year 2024, revenue growth is anticipated in the range of 8%-12% [28]. - The company plans to open around 1,800 hotels and close approximately 650 hotels in 2024 [28].

Hotel Operations and Performance - H World Group operated a total of 9,394 hotels (or 912,444 rooms) as of December 31, 2023[2] - Legacy-Huazhu's Q4 2023 ADR was RMB 284, up from RMB 240 in Q4 2022, with an occupancy rate of 80.5%[6] - Legacy-Huazhu's Q4 2023 RevPAR was RMB 229, up from RMB 159 in Q4 2022, with a same-store RevPAR growth of 40.8% YoY[6] - Legacy-DH operated 131 hotels (26,814 rooms) as of December 31, 2023, with 37 hotels in the pipeline[6] - Average daily rate (ADR) in Q4 2023 was €115, compared to €122 in Q4 2022 and €114 in the previous quarter[7] - Occupancy rate for Legacy-DH hotels in Q4 2023 was 63.8%, up from 59.3% in Q4 2022 but down from 69.0% in the previous quarter[7] - Revenue per available room (RevPAR) in Q4 2023 was €73, compared to €72 in Q4 2022 and €79 in the previous quarter[7] - The company operates 9,394 hotels with 912,444 rooms in operation across 18 countries as of December 31, 2023[24] - 11% of the company's hotel rooms are operated under the lease and owned model, while 89% are under the managed franchise and franchise model[24] - Total number of operating hotels reached 9,394 with 912,444 rooms as of December 31, 2023[46] - Economy hotels accounted for 4,984 operating hotels with 407,657 rooms and 1,121 hotels in the pipeline[46] - Midscale hotels represented 3,543 operating hotels with 379,614 rooms and 1,503 hotels in the pipeline[46] - Upscale hotels had 704 operating hotels with 98,508 rooms and 397 hotels in the pipeline[46] - Luxury hotels included 16 operating hotels with 2,360 rooms and 2 hotels in the pipeline[46] - Intercity Hotel had 9 operating hotels and 53 hotels in the pipeline in China as of December 31, 2023[47] - Steigenberger had 11 operating hotels and 3 hotels in the pipeline in China as of December 31, 2023[47] Financial Performance - Q4 2023 hotel turnover increased by 55.0% YoY to RMB 20.4 billion, and excluding DH, it increased by 60.6% YoY[2] - Q4 2023 revenue grew by 50.7% YoY to RMB 5.6 billion (USD 786 million), exceeding the guidance of 41% to 45% growth[2] - Q4 2023 net profit attributable to H World Group was RMB 743 million (USD 105 million), compared to a net loss of RMB 124 million in Q4 2022[2] - Q4 2023 EBITDA (non-GAAP) was RMB 1.4 billion (USD 191 million), compared to RMB 529 million in Q4 2022[3] - Total revenue in Q4 2023 was RMB 5.585 billion (USD 786 million), a 50.7% YoY increase but an 11.2% QoQ decrease[9] - Legacy-Huazhu revenue in Q4 2023 was RMB 4.4 billion, a 59.0% YoY increase, exceeding the previously announced guidance of 48% to 52% growth[9] - Legacy-DH revenue in Q4 2023 was RMB 1.2 billion, a 26.6% YoY increase and a 2.2% QoQ increase[9] - Full-year 2023 revenue was RMB 21.9 billion (USD 3.1 billion), a 57.9% YoY increase[10] - Legacy-Huazhu full-year 2023 revenue was RMB 17.4 billion, a 63.7% YoY increase[10] - Legacy-DH full-year 2023 revenue was RMB 4.4 billion, a 38.6% YoY increase[10] - Management and franchised hotel revenue in Q4 2023 was RMB 2.0 billion (USD 284 million), a 74.1% YoY increase but an 11.1% QoQ decrease[11] - Hotel operating costs for Q4 2023 were RMB 4 billion (USD 563 million), a 17.6% YoY increase from RMB 3.4 billion in Q4 2022, primarily due to business recovery and smaller rent reductions[13] - Legacy-Huazhu division's hotel operating costs in Q4 2023 were RMB 2.9 billion, accounting for 67.0% of revenue, compared to 88.7% in Q4 2022[13] - Full-year 2023 hotel operating costs were RMB 14.3 billion (USD 2 billion), a 16.3% increase from RMB 12.3 billion in 2022[13] - Sales and marketing expenses for Q4 2023 were RMB 326 million (USD 46 million), a 92.9% YoY increase from RMB 169 million in Q4 2022[13] - General and administrative expenses for Q4 2023 were RMB 644 million (USD 91 million), a 46.4% YoY increase from RMB 440 million in Q4 2022[13] - Operating profit for Q4 2023 was RMB 757 million (USD 106 million), compared to an operating loss of RMB 93 million in Q4 2022[15] - Legacy-Huazhu division's operating profit for Q4 2023 was RMB 821 million, compared to an operating loss of RMB 3 million in Q4 2022[15] - Full-year 2023 operating profit was RMB 4.7 billion (USD 662 million), compared to an operating loss of RMB 294 million in 2022[15] - Operating profit margin for Q4 2023 was 13.6%, compared to -2.5% in Q4 2022[15] - Full-year 2023 operating profit margin was 21.5%, compared to -2.1% in 2022[15] - Equity securities fair value change income for 2023 was RMB 109 million (USD 15 million), compared to a loss of RMB 359 million in 2022, primarily due to gains from UBOX fair value changes and losses from Accor shares in 2022[17] - Net income attributable to Huazhu Group Limited for Q4 2023 was RMB 743 million (USD 105 million), compared to a net loss of RMB 124 million in Q4 2022 and net income of RMB 1.3 billion in the previous quarter[17] - Full-year 2023 net income attributable to Huazhu Group Limited was RMB 4.1 billion (USD 575 million), compared to a net loss of RMB 1.8 billion in 2022[17] - Q4 2023 EBITDA (non-GAAP) was RMB 1.4 billion (USD 191 million), compared to RMB 529 million in Q4 2022 and RMB 2.1 billion in the previous quarter[17] - Full-year 2023 EBITDA (non-GAAP) was RMB 6.8 billion (USD 961 million), compared to RMB 164 million in 2022[18] - Operating cash inflow for Q4 2023 was RMB 2.4 billion (USD 339 million), with full-year operating cash inflow reaching RMB 7.7 billion (USD 1.1 billion), compared to RMB 1.6 billion in 2022[19] - As of December 31, 2023, the company's cash and cash equivalents totaled RMB 6.9 billion (USD 978 million), with restricted cash at RMB 764 million (USD 108 million)[19] - Total revenue for 2023 reached RMB 21.882 billion (USD 3.082 billion), a significant increase from RMB 13.862 billion in 2022[29] - Net profit attributable to Huazhu Group Limited for 2023 was RMB 4.085 billion (USD 575 million), compared to a net loss of RMB 1.821 billion in 2022[30] - Total liabilities decreased from RMB 52.704 billion in 2022 to RMB 51.283 billion (USD 7.223 billion) in 2023[28] - Total equity increased from RMB 8.803 billion in 2022 to RMB 12.249 billion (USD 1.725 billion) in 2023[28] - Operating profit for 2023 was RMB 4.714 billion (USD 662 million), a significant improvement from an operating loss of RMB 294 million in 2022[29] - Revenue from leased and owned hotels increased to RMB 13.796 billion (USD 1.943 billion) in 2023, up from RMB 9.148 billion in 2022[29] - Revenue from managed and franchised hotels grew to RMB 7.694 billion (USD 1.084 billion) in 2023, compared to RMB 4.405 billion in 2022[29] - Total operating costs and expenses for 2023 were RMB 17.568 billion (USD 2.476 billion), up from RMB 14.705 billion in 2022[29] - Basic earnings per share for 2023 were RMB 1.28 (USD 0.18), a significant improvement from a loss of RMB 0.59 per share in 2022[30] - Total assets increased from RMB 61.507 billion in 2022 to RMB 63.532 billion (USD 8.948 billion) in 2023[28] - Net profit (loss) for the year 2023 was RMB 4,131 million (USD 582 million), a significant improvement from the net loss of RMB 1,849 million in 2022[31] - Operating cash flow for 2023 was RMB 7,674 million (USD 1,080 million), compared to RMB 1,564 million in 2022[31] - Capital expenditures for 2023 were RMB 901 million (USD 127 million), a decrease from RMB 1,053 million in 2022[31] - Net cash used in investing activities for 2023 was RMB 1,477 million (USD 207 million), compared to RMB 522 million in 2022[31] - Net cash used in financing activities for 2023 was RMB 3,720 million (USD 523 million), compared to RMB 1,394 million in 2022[32] - Adjusted net profit (non-GAAP) for 2023 was RMB 4,119 million (USD 580 million), compared to a net loss of RMB 1,375 million in 2022[33] - Basic adjusted earnings per share (non-GAAP) for 2023 were RMB 1.29 (USD 0.18), compared to a loss of RMB 0.44 in 2022[33] - Diluted adjusted earnings per share (non-GAAP) for 2023 were RMB 1.26 (USD 0.18), compared to a loss of RMB 0.44 in 2022[33] - Basic adjusted earnings per ADS (non-GAAP) for 2023 were RMB 12.94 (USD 1.82), compared to a loss of RMB 4.42 in 2022[33] - Diluted adjusted earnings per ADS (non-GAAP) for 2023 were RMB 12.65 (USD 1.78), compared to a loss of RMB 4.42 in 2022[33] - Net profit attributable to Huazhu Group Ltd. (GAAP) for the full year 2023 reached RMB 4,085 million, a significant improvement from a loss of RMB 1,821 million in 2022[34] - Adjusted EBITDA (non-GAAP) for the full year 2023 was RMB 6,874 million, compared to RMB 610 million in 2022, reflecting strong operational recovery[34] - Total revenue for Legacy-Huazhu in 2023 was RMB 17,438 million, a 63.7% increase from RMB 10,655 million in 2022[36] Future Growth and Expansion - H World Group expects Q1 2024 revenue growth of 12% to 16% YoY, and full-year 2024 revenue growth of 8% to 12% YoY[4] - H World Group plans to open approximately 1,800 hotels and close around 650 hotels in 2024[5] - For 2024, Huazhu expects revenue growth of 8% to 12% year-over-year, with plans to open approximately 1,800 hotels and close around 650 hotels[19] - Q1 2024 revenue is projected to grow between 12% to 16% compared to Q1 2023[19] - The number of hotels under development as of December 31, 2023, was 3,061, indicating strong future growth potential[38] Key Financial Metrics and Non-GAAP Measures - The company emphasizes the use of EBITDA and adjusted EBITDA as key financial metrics to evaluate operating performance, excluding depreciation, amortization, and equity incentive expenses[22] - Adjusted EBITDA is considered a better reflection of the company's hotel financial performance, excluding equity incentive expenses and gains/losses from fair value changes in equity securities[22] - The company acknowledges that EBITDA and adjusted EBITDA have limitations and should not be considered as substitutes for net income or other GAAP measures[23] - The company provides reconciliations of non-GAAP financial measures, including EBITDA and adjusted EBITDA, to GAAP financial statements[23] Hotel Revenue and Performance by Segment - Revenue from leased and owned hotels in Q4 2023 was RMB 2,288 million, a 48.9% increase from RMB 1,537 million in Q4 2022[35] - Revenue from managed and franchised hotels in Q4 2023 was RMB 1,992 million, a 76.3% increase from RMB 1,130 million in Q4 2022[35] - The average daily rate (ADR) for leased and owned hotels increased by 36.9% year-over-year to RMB 372 in 2023[40] - The occupancy rate for leased and owned hotels rose by 18.9 percentage points to 82.8% in 2023[40] - The revenue per available room (RevPAR) for leased and owned hotels surged by 77.4% year-over-year to RMB 308 in 2023[40] - The RevPAR for economy hotels increased by 44.4% year-over-year to RMB 186 in 2023[42] - The ADR for mid-scale and upper mid-scale hotels grew by 21.7% year-over-year to RMB 369 in 2023[42] - The occupancy rate for mid-scale and upper mid-scale hotels rose by 16.2 percentage points to 81.4% in 2023[42] - The total number of hotels increased by 2 to 131 in Q4 2023, with 26,814 rooms[43] - The ADR for leased hotels in Europe increased by 3.1% year-over-year to €118 in Q4 2023[44] - The occupancy rate for leased hotels in Europe rose by 4.7 percentage points to 64.7% in Q4 2023[44] - The RevPAR for leased hotels in Europe increased by 11.2% year-over-year to €76 in Q4 2023[44] - Average daily rate (ADR) for leased and owned hotels increased by 4.6% to €115 in 2023 compared to €110 in 2022[45] - Occupancy rate for leased and owned hotels rose by 8.7 percentage points to 64.7% in 2023 from 56.0% in 2022[45] - Revenue per available room (RevPAR) for leased and owned hotels grew by 20.9% to €74 in 2023 from €61 in 2022[45] Asset and Liability Management - Total assets increased from RMB 61,507 million in 2022 to RMB 63,532 million in 2023, with cash and cash equivalents rising from RMB 3,583 million to RMB 6,946 million[26] - Property and equipment net decreased from RMB 6,784 million in 2022 to RMB 6,097 million in 2023[26] - Operating lease right-of-use assets decreased from RMB 28,970 million in 2022 to RMB 25,658 million in 2023[26] - Total liabilities decreased from RMB 52.704 billion in 2022 to RMB 51.283 billion (USD 7.223 billion) in 2023[28] - Total equity increased from RMB 8.803 billion in 2022 to RMB 12.249 billion (USD 1.725 billion) in 2023[28] Brand Portfolio - The company's brands include Hi Inn, Yitel, HanTing, Ji Hotel, Starway Hotel, Orange Hotel, Orange Crystal Hotel, Manxin Hotel, and others[24]

H World Group Limited (HTHT) is scheduled to report fourth-quarter 2023 results on Mar 20. In the last reported quarter, the company’s earnings beat the Zacks Consensus Estimate by 14.3%.Q4 EstimatesThe Zacks Consensus Estimate for fourth-quarter 2024 earnings is pegged at 31 cents, up 616.7% year over year. In the past 30 days, estimate revisions have been unchanged. In the last reported quarter, HTHT registered a loss of 6 cents. The consensus mark for revenues is pegged at $760 million, suggesting a 41.5 ...

SINGAPORE and SHANGHAI, China, March 08, 2024 (GLOBE NEWSWIRE) -- H World Group Limited (NASDAQ: HTHT and HKEX: 1179) (“H World”, “we” or “our”) a key player in the global hotel industry, today announced that it will schedule to release its unaudited financial results for the fourth quarter and full year of 2023 on Wednesday, March 20, 2024 (Hong Kong time), after the trading hours of The Stock Exchange of Hong Kong Limited and before the opening of the U.S. market. H World’s management will host a conferen ...

SINGAPORE and SHANGHAI, China, March 08, 2024 (GLOBE NEWSWIRE) -- H World Group Limited (NASDAQ:HTHT) ("H World", "we" or "our") a key player in the global hotel industry, today announced that it will schedule to release its unaudited financial results for the fourth quarter and full year of 2023 on Wednesday, March 20, 2024 (Hong Kong time), after the trading hours of The Stock Exchange of Hong Kong Limited and before the opening of the U.S. market. H World's management will host a conference call at 9 p.m ...

Group 1 - H World Group is well-positioned to maintain its earnings-beat streak, having a history of beating earnings estimates with an average surprise of 8.33% over the last two quarters [1] - In the last reported quarter, H World Group achieved earnings of $0.56 per share, surpassing the Zacks Consensus Estimate of $0.49 per share by 14.29% [1] - The previous quarter also saw H World Group exceed expectations, posting earnings of $0.43 per share against an estimate of $0.42 per share, resulting in a surprise of 2.38% [1] Group 2 - Recent estimates for H World Group have been increasing, with a positive Zacks Earnings ESP indicating a strong likelihood of an earnings beat [2] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [2] - H World Group currently has an Earnings ESP of +21.31%, reflecting analysts' bullish sentiment regarding its near-term earnings potential [3] Group 3 - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate being more reflective of recent analyst revisions [3] - A positive Earnings ESP combined with a Zacks Rank of 2 (Buy) suggests that H World Group is likely to beat earnings expectations again [3] - It is important to check a company's Earnings ESP before quarterly releases to enhance the chances of successful investment decisions [4]