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

Host Hotels & Resorts

02/05/2024 14:02

* Host Hotels & Resorts Inc  HST.OQ  reported quarterly
adjusted
earnings of 38 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 40 cents.  The mean expectation of ten analysts for the
quarter was for earnings of 32 cents per share. Wall Street
expected results to range from 25 cents to 45 cents per share.
    * Revenue rose 6.5% to $1.47 billion from a year ago;
analysts
expected $1.43 billion. 
    * Host Hotels & Resorts Inc's reported EPS for the quarter
was 38
cents​.
    * The company reported quarterly net income of $268 million.
    * Host Hotels & Resorts Inc shares had fallen by 8.9% this
quarter and lost 3.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 17 "strong buy" or "buy," 4
"hold" and 1 "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 May 2 at 01:02
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
 Mar. 31 2024      0.55           0.60           Beat
 Dec. 31 2023      0.44           0.44           Met
 Sep. 30 2023      0.35           0.41           Beat
 Jun. 30 2023      0.56           0.53           Missed