Hilton Grand Vacations First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

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

Key Financial Results

• Revenue: US$1.16b (up 38% from 1Q 2023).
• Net loss: US$4.00m (down by 106% from US$73.0m profit in 1Q 2023).
• US$0.04 loss per share (down from US$0.65 profit in 1Q 2023).

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

Hilton Grand Vacations Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 9.7% growth forecast for the Hospitality industry in the US.

Performance of the American Hospitality industry.

The company's share price is broadly unchanged from a week ago.

Valuation

Following the latest earnings results, Hilton Grand Vacations may be undervalued based on 6 different valuation benchmarks we assess. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.

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