How did HGV's Q1 2024 EPS outperform forecasts?

Hilton Grand Vacations' (HGV) Q1 2024 earnings per share (EPS) outperformed forecasts due to several key factors: 1. **Revenue Outperformance**: HGV's revenue for Q1 2024 was $1,156 million, marking a significant 23.8% increase from the previous year's $934 million. This revenue surpassing estimates of $1,116.21 million contributed positively to the EPS performance. 2. **EBITDA Strength**: The company reported adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of $273 million, up from the previous year's $256 million. This increase, coupled with strong cash reserves, supported the adjusted EPS of $0.95, which beat consensus. 3. **Share Buybacks**: HGV's strategic use of share buybacks further bolstered the EPS figure. The company's adjusted EPS was enhanced by these buybacks, which are a reflection of strong confidence in the company's financial outlook. In summary, HGV's Q1 2024 EPS outperformance can be attributed to strong revenue exceeding expectations, robust EBITDA growth, and effective share buybacks. These elements combined to deliver an EPS result that surpassed market forecasts.