Hilton Grand Vacations (HGV) To Report Earnings Tomorrow: Here Is What To Expect

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Timeshare vacation company Hilton Grand Vacations (NYSE: HGV) will be reporting earnings this Thursday before market open. Here’s what to look for.

Hilton Grand Vacations beat analysts’ revenue expectations last quarter, reporting revenues of $1.29 billion, up 11.9% year on year. It was a very strong quarter for the company, with a beat of analysts’ EPS estimates and a decent beat of analysts’ EBITDA estimates. It reported 720,079 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 10.2% year on year, improving from the 2.5% increase it recorded in the same quarter last year.

Hilton Grand Vacations Total Revenue

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 Q2 results, giving us a hint as to what we can expect. Delta delivered year-on-year revenue growth of 18.7%, beating analysts’ expectations by 3.9%, and Travel + Leisure reported revenues up 4.4%, topping estimates by 1.6%. Delta traded down 3.2% following the results while Travel + Leisure’s stock price was unchanged.

Read our full analysis of Delta’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 is down 1.9% during the same time and is heading into earnings with an average analyst price target of $58.30 (compared to the current share price of $52.74).

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