Hilton (HLT) reported Q1 EPS of $0.71, $0.07 better than the analyst estimate of $0.64. Revenue for the quarter came in at $1.72 billion versus the consensus estimate of $1.72 billion.
GUIDANCE:
Hilton sees FY2022 EPS of $3.77-$4.02, versus the consensus of $4.10.
- System-wide comparable RevPAR, on a currency neutral basis, is expected to increase between 32.0 percent and 38.0 percent compared to 2021, and to be down between 5.0 percent to 9.0 percent from 2019.
- Diluted EPS, before special items, is projected to be between $3.56 and $3.81.
- Diluted EPS, adjusted for special items, is projected to be between $3.77 and $4.02.
- Net income is projected to be between $1,001 million and $1,071 million.
- Adjusted EBITDA is projected to be between $2,250 million and $2,350 million.
- Contract acquisition costs and capital expenditures, excluding amounts indirectly reimbursed by hotel owners, are expected to be between $250 million and $275 million.
- Capital return is projected to be between $1.4 billion and $1.8 billion.
- General and administrative expenses are projected to be between $410 million and $430 million.
- Net unit growth is expected to be approximately 5.0 percent.
Hilton sees Q2 2022 EPS of $0.98-$1.03, versus the consensus of $1.07.
- System-wide comparable RevPAR, on a currency neutral basis, is expected to increase between 45.0 percent and 50.0 percent compared to the second quarter of 2021, and to be down between 5.0 percent to 10.0 percent from the second quarter of 2019.
- Diluted EPS, before special items, is projected to be between $0.89 and $0.94.
- Diluted EPS, adjusted for special items, is projected to be between $0.98 and $1.03.
- Net income is projected to be between $250 million and $264 million.
- Adjusted EBITDA is projected to be between $590 million and $610 million.