Host Hotels & Resorts Inc reports results for the quarter ended in September 30 - Earnings Summary

Host Hotels & Resorts

07/11/2024 17:25

* Host Hotels & Resorts Inc  HST.OQ  reported quarterly
adjusted
earnings of 12 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 16 cents.  The mean expectation of ten analysts
for the quarter was for earnings of 10 cents per share. Wall
Street expected results to range from 9 cents to 11 cents per
share.
    * Revenue rose 8.6% to $1.32 billion from a year ago;
analysts
expected $1.30 billion. 
    * Host Hotels & Resorts Inc's reported EPS for the quarter
was 12
cents​.
    * The company reported quarterly net income of $82 million.
    * Host Hotels & Resorts Inc shares had risen by 2.2% this
quarter and lost 7.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.4%
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 15 "strong buy" or "buy," 4
"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 $21.00 
This summary was machine generated from LSEG data November 7 at
05:25 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
 Sep. 30 2024      0.35           0.36           Beat
 Jun. 30 2024      0.56           0.57           Beat
 Mar. 31 2024      0.55           0.60           Beat
 Dec. 31 2023      0.44           0.44           Met