Analyst Consensus ?
ConsensusHold19 ratings
Bullish1157.9%
Neutral526.3%
Bearish315.8%
H World Group Limited · HTHT · FY2026 Q1 · Calendar Q2 2026
H World: Demand and franchise margins strengthen as expansion continues
The quarter provides evidence for a constructive operating trajectory: resilient domestic demand, network growth and an asset-light mix supported stronger margins. The thesis remains dependent on RevPAR and occupancy stabilization, disciplined expansion and execution in Southeast Asia.
Reported Before market openNASDAQConsumer Cyclical
$13.41B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.49
Consensus $0.46
EPS surprise
+6.5%
Reported versus consensus
Reported revenue
$869.0M
Consensus $837.1M
Revenue surprise
+3.8%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+1.4%
Event window
SPY move
-1.2%
Same window
Abnormal move
+2.6%
Stock minus SPY
Volume
1.5×
Versus trailing sessions
Subsequent drift
-2.6%
Up to 20 sessions
HTHTSPY benchmark
Ask FN2 about HTHT FY2026 Q1
Transcript, numbers and history already loaded
Why did HTHT rise 1.4% after beating EPS estimates in FY2026 Q1?What changed in HTHT's guidance and outlook in FY2026 Q1?Give me the bull and bear case for HTHT after FY2026 Q1 earnings.
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Transcript intelligence
What changed
The current quarter adds stronger domestic network and GMV growth, a 31% EBITDA margin, and initial HanTing 4.0 expansion in Southeast Asia. Management also introduced HWC/HWI segment naming and accounting realignment, while keeping full-year RevPAR guidance unchanged.
Guidance delta
Maintained: management kept its full-year RevPAR outlook unchanged.
Key takeaways
- Domestic hotel rooms grew 14.1% year over year and GMV increased 17.4%.
- The asset-light franchise business supported a 31% EBITDA margin and higher net income.
- Management maintained full-year RevPAR guidance while expanding in lower-tier Chinese cities and Southeast Asia.
- A RMB 15.8 billion cash balance supports the stated shareholder-return plan.
Management priorities
- Continue brand-led expansion toward 2,000 cities and 20,000 hotels.
- Upgrade and expand HanTing, Hi Inn and upper-midscale offerings.
- Build Southeast Asia around Singapore and extend membership capabilities with digital and AI tools.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$43.65Current
$32.4Low
$50.56Average
$62.4High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 22, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Benchmark | Buy | Buy | Maintain | Mar 19, 2026 |
| Macquarie | Outperform | Outperform | Maintain | Mar 18, 2026 |
| UBS | Buy | Neutral | Upgrade | Mar 9, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | May 21, 2025 |
| B of A Securities | Buy | Buy | Maintain | Mar 13, 2024 |
| HSBC | Buy | Buy | Maintain | Aug 31, 2022 |
| Credit Suisse | Neutral | Outperform | Downgrade | Dec 8, 2020 |
| Citigroup | Neutral | Buy | Downgrade | Mar 30, 2020 |
| CLSA | Sell | Buy | Downgrade | Feb 5, 2020 |
| Morgan Stanley | Equal Weight | Underweight | Upgrade | Dec 6, 2019 |
| Daiwa Capital | Sell | Underperform | Maintain | Oct 16, 2019 |
| Goldman Sachs | Neutral | Buy | Downgrade | Sep 13, 2019 |
| Bank of America | Buy | Buy | Maintain | Aug 22, 2019 |
| China Renaissance | Hold | Buy | Downgrade | May 6, 2019 |
| Deutsche Bank | Sell | Hold | Downgrade | Jan 22, 2019 |
| Brean Capital | Buy | Buy | Maintain | Aug 17, 2016 |
| TH Capital | Buy | Hold | Upgrade | Nov 9, 2015 |
| Oppenheimer | Outperform | Outperform | Maintain | Mar 8, 2013 |
| China International Capital | Buy | Accumulate | Maintain | Mar 6, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $43.65. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| UBS | Analyst unavailable | $62.4 | $52.12 | +43.0% | Mar 9, 2026 |
| HSBC | Lina Yan | $32.4 | $32.08 | -25.8% | Feb 4, 2025 |
| Citigroup | Lydia Ling | $54 | $38.06 | +23.7% | Sep 27, 2024 |
| Morgan Stanley | Dan Chee | $56 | $36.31 | +28.3% | May 24, 2024 |
| HSBC | Lina Yan | $53.6 | $39.72 | +22.8% | May 21, 2024 |
| Macquarie | Sunny Chow | $48 | $36.92 | +10.0% | Apr 19, 2024 |
| HSBC | Lina Yan | $51.5 | $37.8 | +18.0% | Mar 22, 2024 |
| HSBC | Lina Yan | $46.9 | $36.21 | +7.4% | Aug 31, 2022 |
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Start freeCompany context
Snapshot as of publicationH World Group Limited, through its various subsidiaries, is actively engaged in the development and management of hotels primarily within the People's Republic of China. Its extensive operations cover a range of models, including leased, owned, manachised, and franchised properties. The company boasts a diverse collection of self-owned hotel brands, among them HanTing Hotel, Ni Hao Hotel, Hi Inn, Elan Hotel, Zleep Hotels, Ibis Hotel, JI Hotel, Orange Hotel, Starway Hotel, Ibis Styles Hotel, CitiGO Hotel, Crystal Orange Hotel, IntercityHotel, Manxin Hotel, Mercure Hotel, Madison Hotel, Novotel Hotel, Joya Hotel, Blossom House, Steigenberger Hotels & Resorts, MAXX by Steigenberger, Jaz in the City, Grand Mercure, Steigenberger Icon, and Song Hotels. As of June 30, 2022, the group oversaw 8,176 hotels, providing a combined total of 773,898 rooms. Originally known as Huazhu Group Limited, the company officially rebranded to H World Group Limited in June 2022. Founded in 2005, its corporate headquarters are situated in Shanghai, People's Republic of China.
Historical context
All HTHT earningsConsumer Cyclical peers this season
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|---|---|---|---|---|
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| FIVE Five Below, Inc. | FY2027 Q2 · Calendar Q3 2026 | +20.0% | -1.3% | Five Below raises outlook as its retail flywheel gains momentum |
Latest beats and misses
Who reports nextBeat on EPS
- FPSFY2026 Q4 · September 15, 2026+4.3% EPS+9.5% move
- TCOMFY2026 Q2 · September 15, 2026+22.3% EPS+3.0% move
- KRFY2026 Q2 · September 11, 2026+2.8% EPS+2.7% move
- ADBEFY2026 Q3 · September 10, 2026+0.8% EPS+1.4% move
- ORCLFY2027 Q1 · September 10, 2026+10.3% EPS-1.7% move
- CASYFY2027 Q1 · September 8, 2026+8.7% EPS-14.2% move
Get the HTHT recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-08-17T11:19:00.687126+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-09-22T02:00:54.439464+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-22T02:00:54.436519+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated . For educational purposes only; not investment advice.