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FinanceHilton shares fall over 2% pre-market as Q3 profit outlook misses estimates
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Hilton Inc (NYSE:HLT) shares fell over 2% in pre-market trading on July 28, 2026, after the hotel operator reported second-quarter results broadly in line with expectations but issued a weaker-than-expected earnings outlook for the third quarter. Q2 earnings per share were $2.29, slightly above the $2.26 consensus, on revenue of $3.34 billion. System-wide comparable RevPAR rose 3.9% on a currency-neutral basis. However, Q3 adjusted EPS guidance of $2.28 to $2.34 fell short of the $2.43 analyst estimate. The company cited seasonal factors including benefits from the FIFA World Cup and calendar timing in Q3, partially offset by midterm elections and calendar effects in Q4. Hilton's global development pipeline grew 6% year-over-year to 541,300 rooms, with net unit growth of 6.1%. Full-year 2026 EPS is forecast between $8.89 and $9.01, versus the $9.01 consensus.
Source report
Fiona Craig Tue, July 28, 2026 at 5:56 AM PDT 2 min read
HLT -0.22%
Hotel bedroom ©Adobe Stock Images
Hotel bedroom ©Adobe Stock Images
Hilton Inc (NYSE:HLT) shares fell more than 2% in pre-market trading on Tuesday after the hotel operator delivered second-quarter results broadly in line with market expectations but issued a weaker-than-expected earnings outlook for the third quarter.
Second-Quarter Results
- Earnings per share (EPS): $2.29, narrowly exceeding the analyst consensus estimate of $2.26.
- Revenue: $3.34 billion, broadly matching expectations of $3.33 billion.
- System-wide comparable RevPAR: Increased 3.9% on a currency-neutral basis compared with the same period last year.
- Adjusted EBITDA: $1.05 billion.
Hotel Development Pipeline Continues to Expand
- Hilton approved 42,900 additional rooms for development during the quarter.
- Global pipeline reached 541,300 rooms as of June 30, a 6% increase from a year earlier.
- The company added 24,100 rooms to its portfolio during the quarter, resulting in net additions of 21,600 rooms and year-over-year net unit growth of 6.1%.
"We delivered strong top and bottom-line results for the second quarter, driven by the continuation of strengthening demand trends and broad-based momentum across our system, which we expect to continue for the remainder of the year and into 2027," said CEO Christopher Nassetta.
Third-Quarter Earnings Guidance Disappoints
For the third quarter, Hilton expects:
- Diluted EPS (adjusted for special items): Between $2.28 and $2.34.
- Analyst consensus estimate: $2.43.
- System-wide comparable RevPAR growth: Around 4%.
- Adjusted EBITDA: Between $1.04 billion and $1.05 billion.
Full-Year Outlook Reflects Seasonal Factors
For full-year 2026, Hilton forecasts:
- EPS: Between $8.89 and $9.01 (analyst consensus: $9.01).
- System-wide comparable RevPAR growth: Between 3.0% and 3.5%.
- Adjusted EBITDA: $4.04 billion to $4.08 billion.
Hilton said its outlook incorporates anticipated benefits in the third quarter from the FIFA World Cup and favourable calendar timing. However, the company expects those gains to be partially offset in the fourth quarter by less favourable calendar effects and the impact of the US midterm elections.
The company also reaffirmed expectations for full-year net unit growth of between 6.0% and 7.0%, with a stronger pace of expansion anticipated during the second half of the year.
Hilton stock price
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Yahoo FinanceWestern
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Hilton Shares Fall on Weak Third-Quarter Profit Forecast