Sunstone Hotel Investors Inc reports results for the quarter ended in December - Earnings Summary

Sunstone Hotel Investors

23/02/2024 14:31

* Sunstone Hotel Investors Inc  SHO.N  reported quarterly
breakeven results​​ per share for the quarter ended in December,
lower than the same quarter last year, when the company reported
EPS of 7 cents.  The mean expectation of five analysts for the
quarter was for a loss of one cent per share. Wall Street
expected results to range from -7 cents to 1 cents per share.
    * Revenue fell 10.2% to $219.23 million from a year ago;
analysts
expected $216.84 million. 
    * Sunstone Hotel Investors Inc's reported EPS for the
quarter was
60 cents​.
    * The company reported quarterly net income of $123.76
million.
    * Sunstone Hotel Investors Inc shares had risen by 3.5% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.2%
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 "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 9
"hold" and 5 "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is also "hold"

Wall Street's median 12-month price target for Sunstone Hotel
Investors Inc is $10.00 
This summary was machine generated from LSEG data February 23 at
02:31 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
 Dec. 31 2023      0.17           0.19           Beat
 Sep. 30 2023      0.20           0.23           Beat
 Jun. 30 2023      0.30           0.33           Beat
 Mar. 31 2023      0.17           0.21           Beat