Hilton Worldwide Holdings Inc. (HLT) shares soared 8.6% in the last trading session to close at $218.65. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 13.2% loss over the past four weeks.
Following President Trump's announcement to suspend U.S. tariffs across most countries for 90 days, the company’s shares soared, reflecting renewed investor optimism.
This company is expected to post quarterly earnings of $1.61 per share in its upcoming report, which represents a year-over-year change of +5.2%. Revenues are expected to be $2.71 billion, up 5.2% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Hilton Worldwide, the consensus EPS estimate for the quarter has been revised 0.6% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on HLT going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Hilton Worldwide is part of the Zacks Hotels and Motels industry. Civeo (CVEO), another stock in the same industry, closed the last trading session 5.7% higher at $20.91. CVEO has returned -10.1% in the past month.
For Civeo
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Hilton Worldwide Holdings Inc. (HLT): Free Stock Analysis Report Civeo Corporation (CVEO): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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