Hilton(US:HLT) Zacks Investment Researchยท2024-04-24 14:36Core Insights - Hilton Worldwide Holdings Inc. reported revenue of $2.57 billion for the quarter ended March 2024, reflecting a 12.2% increase year-over-year and an EPS of $1.53, up from $1.24 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate by 0.67%, while the EPS surpassed the consensus estimate by 8.51% [1] Financial Performance Metrics - Revenue per available room (RevPAR) was $104.16, below the estimated $107.60 [2] - System-wide RevPAR growth was 2%, compared to the estimated 3.7% [2] - Total system-wide rooms reached 1,197,329, slightly above the estimated 1,194,751 [2] - Total managed rooms were 253,319, exceeding the estimate of 250,538 [2] - Total owned/leased rooms were 17,492, compared to the estimate of 17,378 [2] - Total franchised rooms were 926,518, above the estimated 922,259 [2] Revenue Breakdown - Revenues from owned and leased hotels were $255 million, below the estimate of $279.44 million, but showed a 2.8% increase year-over-year [2] - Other revenues amounted to $50 million, exceeding the estimate of $41.92 million, representing a 42.9% year-over-year increase [2] - Incentive management fees were $70 million, slightly below the estimate of $70.94 million, with a 7.7% year-over-year increase [2] - Franchise and licensing fees totaled $571 million, below the estimate of $579.58 million, but showed a 12.4% year-over-year increase [2] - Base and other management fees were $106 million, exceeding the estimate of $86.66 million, with a 32.5% year-over-year increase [2] - Other revenues from managed and franchised properties were $1.52 billion, above the estimate of $1.49 billion, reflecting a 12.1% year-over-year increase [2] Stock Performance - Hilton Worldwide shares have returned -7.5% over the past month, compared to a -3% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]