Analyst Consensus ?
ConsensusBuy22 ratings
Bullish1254.6%
Neutral940.9%
Bearish14.5%
1 unmapped firm rating excluded from the percentages.
InterContinental Hotels Group PLC · IHG · FY2025 Q2 · Calendar Q3 2025
IHG: Strong system growth and expanding fee margins support outlook
IHG's supplied earnings analysis supports a constructive operating thesis: strong signings and openings are expanding the system, while ancillary revenue and operating leverage are widening fee margins. The key test is whether modest RevPAR growth, occupancy, and Americas fee revenue can support that expansion amid demand and policy uncertainty.
Reported Before market openNYSEConsumer Cyclical
$22.66B market cap
90quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$3.00
Consensus $2.42
EPS surprise
+24.0%
Reported versus consensus
Reported revenue
$2.54B
Consensus $1.18B
Revenue surprise
+116.2%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+0.6%
Event window
SPY move
+1.5%
Same window
Abnormal move
-0.9%
Stock minus SPY
Volume
0.9×
Versus trailing sessions
Subsequent drift
+4.0%
Up to 20 sessions
IHGSPY benchmark
Ask FN2 about IHG FY2025 Q2
Transcript, numbers and history already loaded
Why did IHG rise 0.6% after beating EPS estimates in FY2025 Q2?What changed in IHG's guidance and outlook in FY2025 Q2?Give me the bull and bear case for IHG after FY2025 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The supplied analysis highlighted 7.7% gross system growth, 5.4% net growth, a 390-basis-point fee-margin expansion, 15% higher signings, and 75% year-over-year growth in openings. It also identified branded residential as an emerging revenue engine and noted continued technology investment.
Guidance delta
No guidance change was provided in the supplied analysis. Management was described as comfortable with full-year profit and EPS consensus.
Key takeaways
- RevPAR was modestly higher while gross system growth reached 7.7% and net growth 5.4%.
- Fee margin expanded 390 basis points, supported by ancillary revenue and operating leverage.
- Signings increased 15% and openings rose 75% year over year.
- Branded residential is emerging as an additional revenue stream.
- Management continues the $900 million share buyback and remains comfortable with full-year profit and EPS consensus.
Management priorities
- Invest further in GRS, PMS, and RMS technology platforms.
- Scale branded residential projects globally.
- Roll out the Ruby brand internationally and add brands organically.
- Target growth in India, the Middle East, Southeast Asia, Japan, and Germany.
- Maintain the share-buyback program and dividend policy.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$161.74Current
$145Low
$166.67Average
$195High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 2, 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 |
|---|---|---|---|---|
| Jefferies | Buy | Hold | Upgrade | Dec 12, 2025 |
| Morgan Stanley | Equal Weight | Underweight | Upgrade | Oct 1, 2025 |
| JP Morgan | Overweight | Underweight | Upgrade | Sep 26, 2025 |
| Deutsche Bank | Hold | Sell | Upgrade | Apr 14, 2025 |
| Bernstein | Underperform | Upgrade | Jan 10, 2025 | |
| Barclays | Overweight | Equal Weight | Upgrade | Nov 15, 2024 |
| Societe Generale | Hold | Buy | Downgrade | Feb 7, 2024 |
| UBS | Buy | Neutral | Upgrade | Jan 5, 2022 |
| Berenberg | Buy | Hold | Upgrade | Sep 17, 2021 |
| SunTrust Robinson Humphrey | Neutral | Neutral | Maintain | Nov 25, 2020 |
| RBC Capital | Outperform | Sector Perform | Upgrade | Nov 25, 2020 |
| Raymond James | Underperform | Market Perform | Downgrade | Nov 25, 2020 |
| Oriel | Buy | Hold | Upgrade | Nov 25, 2020 |
| Numis Securities | Buy | Hold | Upgrade | Nov 25, 2020 |
| MKM Partners | Buy | Neutral | Upgrade | Nov 25, 2020 |
| Investec | Buy | Hold | Upgrade | Nov 25, 2020 |
| Goldman Sachs | Neutral | Buy | Downgrade | Nov 25, 2020 |
| Exane BNP Paribas | Neutral | Outperform | Downgrade | Nov 25, 2020 |
| Credit Suisse | Neutral | Outperform | Downgrade | Nov 25, 2020 |
| Citigroup | Neutral | Buy | Downgrade | Nov 25, 2020 |
| Bank of America | Buy | Neutral | Upgrade | Nov 25, 2020 |
| Baird | Neutral | Outperform | Downgrade | Nov 25, 2020 |
| B of A Securities | Buy | Buy | Maintain | Oct 20, 2017 |
Named analyst price targets
Upside is calculated against the persisted current price $161.74. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| UBS | Jarrod Castle | $188 | $155.27 | +16.2% | Sep 2, 2026 |
| Berenberg Bank | Analyst unavailable | $178 | $163.25 | +10.1% | Aug 27, 2026 |
| Deutsche Bank | Analyst unavailable | $145 | $164.98 | -10.3% | Jul 10, 2026 |
| Jefferies | Analyst unavailable | $195 | $174.13 | +20.6% | Jun 25, 2026 |
| Goldman Sachs | Analyst unavailable | $188 | $162.97 | +16.2% | Jun 10, 2026 |
| Bernstein | Richard Clarke | $154 | $149.92 | -4.8% | May 15, 2026 |
| Morgan Stanley | Analyst unavailable | $145 | $140.69 | -10.3% | Feb 25, 2026 |
| UBS | Analyst unavailable | $150 | $146.31 | -7.3% | Feb 20, 2026 |
| Berenberg Bank | Jack Cummings | $157 | $139.21 | -2.9% | Jan 20, 2026 |
Track every rating change on IHG the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationInterContinental Hotels Group PLC (IHG) is a prominent global hospitality enterprise whose business model encompasses the ownership, management, franchising, and leasing of hotel properties. Its extensive operations span diverse geographic regions, including the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company boasts a comprehensive portfolio of renowned hotel brands, offering options across various segments.…
Historical context
All IHG earningsConsumer Cyclical peers this season
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|---|---|---|---|---|
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| AZO AutoZone, Inc. | FY2026 Q4 · Calendar Q3 2026 | +3.6% | +3.3% | AutoZone pairs commercial momentum with an aggressive FY2027 expansion plan |
| LEN-B Lennar Corporation | FY2026 Q3 · Calendar Q3 2026 | — | — | Lennar: Efficiency Gains Offset Housing-Market Pressures |
| LEN Lennar Corporation | FY2026 Q3 · Calendar Q3 2026 | — | -4.1% | Lennar Holds Volume Guidance as Margins Improve Despite Housing Headwinds |
Latest beats and misses
Who reports nextBeat on EPS
- ACNFY2026 Q4 · October 1, 2026+3.5% EPS+15.8% move
- MKCFY2026 Q3 · October 1, 2026+13.9% EPS-4.9% move
- NKEFY2027 Q1 · October 1, 2026+10.0% EPS-0.7% move
- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
- FDSFY2026 Q4 · September 30, 2026+3.9% EPS+3.8% move
- JBLFY2026 Q4 · September 30, 2026+8.1% EPS-10.0% move
Get the IHG 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 · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:36:15.940040+00:00
- Polygon adjusted daily market bars · 2026-10-02T21:16:04.950351+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-02T21:16:04.946452+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 · As of 2026-10-02. For educational purposes only; not investment advice.