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

Sunstone Hotel Investors

04/08/2023 14:33

* Sunstone Hotel Investors Inc  SHO.N  reported quarterly
adjusted
earnings of 19 cents​​ per share for the quarter ended in June.
The mean expectation of four analysts for the quarter was
for earnings of 14 cents per share.
    * Revenue rose 9.9% to $276.11 million from a year ago;
analysts
expected $275.08 million. 
    * Sunstone Hotel Investors Inc's reported EPS for the
quarter was
19 cents​.
    * The mean earnings estimate of analysts had risen by
about 3.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Sunstone Hotel Investors Inc shares had fallen by 5.4%
this
quarter and lost 0.9% so far this year.
    * The company reported quarterly net income of $39.31
million.
    * Wall Street's median 12-month price target for Sunstone
Hotel
Investors Inc is $10.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 8
"hold" and 5 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 4 at 01:33 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.30           0.33           Beat
 Mar. 31 2023      0.17           0.21           Beat
 Dec. 31 2022      0.19           0.22           Beat
 Sep. 30 2022      0.22           0.23           Beat