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

Sunstone Hotel Investors

06/05/2024 14:32

* Sunstone Hotel Investors Inc  SHO.N  reported quarterly
adjusted
earnings of 5 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 8 cents.  The mean expectation of five analysts for the
quarter was for earnings of one cent per share. Wall Street
expected results to range from -2 cents to 4 cents per share.
    * Revenue fell 10.8% to $217.17 million from a year ago;
analysts
expected $214.59 million. 
    * Sunstone Hotel Investors Inc's reported EPS for the
quarter was
5 cents​.
    * The company reported quarterly net income of $9.35
million.
    * Sunstone Hotel Investors Inc shares had fallen by 8.5%
this
quarter and lost 5.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.8%
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 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 $11.00 
This summary was machine generated from LSEG data May 6 at 01:31
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
 Mar. 31 2024      0.17           0.18           Beat
 Dec. 31 2023      0.17           0.19           Beat
 Sep. 30 2023      0.20           0.23           Beat
 Jun. 30 2023      0.30           0.33           Beat