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

Host Hotels & Resorts

02/11/2023 13:50

* Host Hotels & Resorts Inc  HST.OQ  reported quarterly
adjusted
earnings of 16 cents​​ per share for the quarter ended in
September, identical to the same quarter last year.  The mean
expectation of nine analysts for the quarter was for earnings of
11 cents per share. Wall Street expected results to range from 8
cents to 16 cents per share.
    * Revenue rose 2.1% to $1.21 billion from a year ago;
analysts
expected $1.21 billion. 
    * Host Hotels & Resorts Inc's reported EPS for the quarter
was 16
cents​.
    * The company reported quarterly net income of $111 million.
    * Host Hotels & Resorts Inc shares had fallen by 2.9% this
quarter and lost 2.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.6%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
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 3 "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 2 at
01:50 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.35           0.41           Beat
 Jun. 30 2023      0.56           0.53           Missed
 Mar. 31 2023      0.48           0.55           Beat
 Dec. 31 2022      0.42           0.44           Beat