Some stocks show particular surges around earnings releases and Hilton is one stock that has done very well in the month of February.
Hilton Worldwide is an American multinational hospitality company that manages and franchises a broad portfolio of hotels and resorts.
Before the open on Thursday morning this week Hilton will announce its earnings. Can it build on its recent strong earning reports? Over the last four quarters Hilton has reported solid growth numbers.
Q3 2022 earnings saw net income at $346 million exceeding the high end of guidance.
Furthermore, Hilton was optimistic about the future with the CEO saying The third quarter marked an important milestone in our recovery as system-wide RevPAR exceeded the same period in 2019 for the first time since the pandemic began.
Improved performance reflected the continued strength in leisure travel, as well as recovering business transient and group demand. We expect these strong trends to continue throughout the fourth quarter with system-wide RevPAR once again exceeding prior peaks.
So, will Hilton see further gains on Thursday in line with it’s strong seasonal pattern?
Major Trade Risks:
The biggest risk here is if earnings disappoint investors
Remember, don’t just trade it, but Seasonax it!