Hilton Grand Vacations Full Year 2023 Earnings: EPS Misses Expectations
Hilton Grand Vacations (NYSE:HGV) Full Year 2023 Results
Key Financial Results
Revenue: US$3.98b (up 12% from FY 2022).
Net income: US$313.0m (down 11% from FY 2022).
Profit margin: 7.9% (down from 9.9% in FY 2022). The decrease in margin was driven by higher expenses.
EPS: US$2.84 (down from US$2.98 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Hilton Grand Vacations EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 11%.
Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 9.5% growth forecast for the Hospitality industry in the US.
Performance of the American Hospitality industry.
The company's shares are down 3.6% from a week ago.
Risk Analysis
You should learn about the 1 warning sign we've spotted with Hilton Grand Vacations.
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