Earnings Preview: What To Expect From Hilton On Wednesday

Hilton Worldwide Holdings Inc. HLT is scheduled to release earnings before Wednesday’s open. The stock hit a record high of $115.48/share in 2020 and is currently trading near $88/share. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap down. To help you prepare, here is what the Street is expecting:

Earnings Preview:

Hilton is expected to report a loss of ($0.09)/share on $929.25 million in revenue. The so-called Whisper number is not available this quarter. The Whisper number is the Street’s unofficial view on earnings.

Adam’s Take:

Since Covid-19 hit in Q1 2020, the hotel business has been hit pretty hard. That said, Hotels are getting creative and are offering shorter day rates to help people work from “home” and enjoy the amenities the hotel has to offer. That has helped off set some of the lost demand. Eventually, this will pass and earnings will turn around again once travel picks up.

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Pay Attention To How The Stock Reacts To The News:

From where I sit, the most important trait I look for during earnings season is how the market and a specific company reacts to the news. Remember, always keep your losses small and never argue with the tape.

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