Hilton Worldwide Holdings Inc. (NYSE:HLT) is reporting third quarter financial results on Wednesday 4th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, HLT is expected to report 3Q20 loss of $ 0.02 per share from revenue of $ 982.31 million.
For the full year, analysts anticipate top line of $ 4820.53 million, while looking forward to income of $ 0.29 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 4.08 ~ $ 4.21 per share
Click Here For More Historical Outlooks Of Hilton Worldwide Holdings Inc.
Previous Quarter Performance
Hilton Worldwide Holdings Inc. came out with loss for the second quarter of $ 0.61 per share, from the revenue of $ 564.00 million. The quarterly revenues shrunk 77.29 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.31 per share from $ 848.67 million in revenue. The bottom line results missed street analysts by $ 0.3 or 96.77 percent, at the same time, top line results fell short of analysts by $ 284.67 million or 33.54 percent.
Stock Performance
Shares of Hilton Worldwide Holdings Inc. traded up $ 2.65 or 3.01 percent on Tuesday, reaching $ 90.65 with volume of 2.52 million shares. Hilton Worldwide Holdings Inc. has traded high as $ 91.95 and has cracked $ 88.75 on the downward trend
According to the previous trading day, closing price of $ 90.65, representing a 98.65 % increase from the 52 week low of $ 44.30 and a 23.8 % decrease over the 52 week high of $ 115.48.
The company has a market capital of $ 25.14 billion and is part of the Consumer Cyclical sector and Lodging industry.
Recent Analyst recommendations
- On 13th October 2020, upgraded by BMO Capital Markets to Market Perform from Underperform rating, with $ 89.00 target price.
- On 30th September 2020, maintained by Bank of America at Buy rating, with $ 95.00 target price.
- On 28th September 2020, maintained by Raymond James at Outperform rating, with $ 92.00 target price.
Conference Call
Hilton Worldwide Holdings Inc. will be hosting a conference call at 10:00 AM eastern time on 4th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.hilton.com
Hilton Worldwide Holdings Inc., a hospitality company, owns, leases, manages, develops, and franchises hotels and resorts. It operates through two segments, Management and Franchise, and Ownership. The company engages in the hotel management and licensing of its brands to franchisees.
