Timeshare vacation company Hilton Grand Vacations (NYSE: HGV) will be reporting earnings this Thursday before market hours. Here’s what investors should know.
Hilton Grand Vacations missed analysts’ revenue expectations last quarter, reporting revenues of $1.36 billion, up 7.3% year on year. It was a softer quarter for the company, with a significant miss of analysts’ EPS estimates and a miss of analysts’ EBITDA estimates. It reported 720,000 members, flat year on year.
Is Hilton Grand Vacations a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Hilton Grand Vacations’s revenue to grow 8.2% year on year, improving from its flat revenue in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Hilton Grand Vacations has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Hilton Grand Vacations’s peers in the consumer discretionary - travel and vacation providers segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Wyndham delivered year-on-year revenue growth of 7.3%, meeting analysts’ expectations, and Travel + Leisure reported revenues up 5.5%, topping estimates by 1%. Wyndham traded down 4.2% following the results.
Read our full analysis of Wyndham’s results here and Travel + Leisure’s results here.
Investors in the consumer discretionary - travel and vacation providers segment have had steady hands going into earnings, with share prices flat over the last month. Hilton Grand Vacations’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $50.64 (compared to the current share price of $35.62).
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