Sunstone Hotel Investors Inc reports results for the quarter ended September 30 - Earnings Summary

Sunstone Hotel Investors

12/11/2024 15:31

* Sunstone Hotel Investors Inc  SHO.N  reported quarterly
breakeven results​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 6 cents.  The mean expectation of five analysts
for the quarter was for earnings of 2 cents per share. Wall
Street expected results to range from 1 cents to 3 cents per
share.
    * Revenue fell 8.6% to $226.39 million from a year ago;
analysts
expected $230.15 million. 
    * Sunstone Hotel Investors Inc's reported EPS for the
quarter was
breakeven results​.
    * The company reported a quarterly loss of $682 thousand.
    * Sunstone Hotel Investors Inc shares had risen by 5.5% this
quarter and gained 1.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 9
"hold" and 1 "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 November 12 at
03:31 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
 Jan. 1 0001                      0.18           
 Jun. 30 2024                     0.28           
 Mar. 31 2024      0.17           0.18           Beat
 Dec. 31 2023      0.17           0.19           Beat