Host Hotels & Resorts Inc reports results for the quarter ended in January - Earnings Summary

Host Hotels & Resorts

31/07/2024 23:37

* Host Hotels & Resorts Inc  HST.OQ  reported quarterly
adjusted
earnings of 34 cents​​ per share for the quarter ended in
January, higher than the same quarter last year, when the
company reported EPS of 29 cents.  The mean expectation of
ten analysts for the quarter was for earnings of 34 cents per
share. Wall Street expected results to range from 28 cents to 52
cents per share.
    * Revenue rose 5.2% to $1.47 billion from a year ago;
analysts
expected $1.47 billion. 
    * Host Hotels & Resorts Inc's reported EPS for the quarter
was 34
cents​.
    * The company reported quarterly net income of $239 million.
    * Host Hotels & Resorts Inc shares had fallen by 1.0% this
quarter and lost 8.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 16 "strong buy" or "buy," 3
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is also "buy"

Wall Street's median 12-month price target for Host Hotels &
Resorts Inc is $23.00 
This summary was machine generated from LSEG data July 31 at
10:37 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.56           0.57           Beat
 Mar. 31 2024      0.55           0.60           Beat
 Dec. 31 2023      0.44           0.44           Met
 Sep. 30 2023      0.35           0.41           Beat