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

Sunstone Hotel Investors

05/05/2023 14:31

* Sunstone Hotel Investors Inc  SHO.N  reported quarterly
adjusted
earnings of 8 cents​​ per share for the quarter ended in March.
The mean expectation of four analysts for the quarter was
for earnings of one cent per share.
    * Revenue rose 41.3% to $243.44 million from a year ago;
analysts
expected $229.54 million. 
    * Sunstone Hotel Investors Inc's reported EPS for the
quarter was
8 cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.9%
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 risen by 0.6% this
quarter and gained 2.9% so far this year.
    * The company reported quarterly net income of $17.32
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 "sell"
and
the breakdown of recommendations is no "strong buy" or "buy," 7
"hold" and 6 "sell" or "strong sell." 

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