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

Sunstone Hotel Investors

07/08/2024 14:32

* Sunstone Hotel Investors Inc  SHO.N  reported quarterly
adjusted
earnings of 11 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 19 cents.  The mean expectation of five analysts for the
quarter was for earnings of 10 cents per share. Wall Street
expected results to range from 7 cents to 14 cents per share.
    * Revenue fell 10.4% to $247.48 million from a year ago;
analysts
expected $249.66 million. 
    * Sunstone Hotel Investors Inc's reported EPS for the
quarter was
11 cents​.
    * The company reported quarterly net income of $22.46
million.
    * Sunstone Hotel Investors Inc shares had fallen by 7.6%
this
quarter and lost 10.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 8
"hold" and 3 "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 $11.50 
This summary was machine generated from LSEG data August 7 at
01:32 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
 Jun. 30 2024      0.27           0.28           Beat
 Mar. 31 2024      0.17           0.18           Beat
 Dec. 31 2023      0.17           0.19           Beat
 Sep. 30 2023      0.20           0.23           Beat