Hilton Grand Vacations Inc Down 4.84% To $40.89 After Earnings Miss

Hilton Grand Vacations Inc (HGV) said before open Tuesday that it earned $0.6 per share in quarter two 2022.

On the revenue line, the company reported $948 million, missing estimates by $3.4 million.

In the same quarter a year ago, the company earned $0.1 per share on revenue of $334 million.

The stock is down 4.84% to $40.89 after the report.

Hilton Grand Vacations Inc's earnings expanded faster than revenues, signaling widening profit margins.

The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.

Trading in the five days leading up to the report earned Hilton Grand Vacations Inc a Bullish Sentiment Rank from InvestorsObserver.

Prior to the report, InvestorsObserver gave the stock an overall score of 62. Meanwhile, the average Wall Street analyst rated the stock a Strong Buy.

Hilton Grand Vacations Inc is a timeshare company that markets and sells vacation ownership intervals (VOI), manages resorts in leisure and urban destinations, and operates a points-based vacation club. The company operates its business through two segments: Real Estate Sales & Financing and Resort Operations & Club Management. The company has more than 60 properties located in Orlando, Las Vegas, the Hawaiian Islands, New York City, Washington D.C., South Carolina, Barbados, and Mexico. Its Hilton grand vacations club has more than 300,000 members who have the flexibility to exchange their VOIs for stays at any Hilton grand vacations resort. It derives most of the revenue from Real Estate Sales & Financing segment.