Hilton Grand Vacations Second Quarter 2024 Earnings: Misses Expectations

In This Article:

Hilton Grand Vacations (NYSE:HGV) Second Quarter 2024 Results

Key Financial Results

  • Revenue: US$1.24b (up 36% from 2Q 2023).

  • Net income: US$2.00m (down 98% from 2Q 2023).

  • Profit margin: 0.2% (down from 8.8% in 2Q 2023).

  • EPS: US$0.02 (down from US$0.72 in 2Q 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Hilton Grand Vacations Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 7.7%. Earnings per share (EPS) also missed analyst estimates by 98%.

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 9.6% growth forecast for the Hospitality industry in the US.

Performance of the American Hospitality industry.

The company's shares are down 13% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with Hilton Grand Vacations (at least 1 which is a bit unpleasant), and understanding these should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.