Host Hotels and Resorts, Inc. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Host Hotels & Resorts, Inc. (NYSE:HST) will unveil its latest earnings on Wednesday, July 20, 2011. Host Hotels & Resorts Inc. is a self-managed and self-administered hospitality real estate investment trust.

Host Hotels & Resorts, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for FFO of 29 cents per share, a rise of 26.1% from the company’s FFO for the same quarter a year ago. During the past three months, the average estimate has moved down from 30 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 29 cents during the last month.

Past Earnings Performance: The company is looking to break the streak of missing estimates in the past two quarters. Last quarter, it fell short of analyst expectations by reporting FFO of 11 cents per share against an estimate of FFO of 12 cents per share. The quarter before that, it missed forecasts by one cent.

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Wall St. Revenue Expectations: On average, analysts predict $1.27 billion in revenue this quarter, a rise of 14.4% from the year ago quarter. Analysts are forecasting total revenue of $4.99 billion for the year, a rise of 12.4% from last year’s revenue of $4.44 billion.

Analyst Ratings: Analysts are bullish on Host Hotels & Resorts as 10 analysts rate it as a buy, none rate it as a sell and 10 rate it as a hold.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 10.8% to $904 million in first quarter. The figure rose 13.2% in the fourth quarter of the last fiscal year from the year earlier, climbed 8.9% in the third quarter of the last fiscal year from the year-ago quarter and 7.6% in the second quarter of the last fiscal year.

Competitors to Watch: Ashford Hospitality Trust, Inc. (NYSE:AHT), MHI Hospitality Corp. (NASDAQ:MDH), Vornado Realty Trust (NYSE:VNO), American Assets Trust, Inc (NYSE:AAT), Boston Properties, Inc. (NYSE:BXP), Federal Realty Inv. Trust (NYSE:FRT), LaSalle Hotel Properties (NYSE:LHO), Strategic Hotels & Resorts Inc. (NYSE:BEE), DiamondRock Hospitality Co. (NYSE:DRH), and Chatham Lodging Trust (NYSE:CLDT).

Stock Price Performance: During June 15, 2011 to July 14, 2011, the stock price had risen 87 cents (5.5%) from $15.77 to $16.64. The stock price saw one of its best stretches over the last year between June 23, 2011 and July 1, 2011 when shares rose for seven-straight days, rising 9.5% (+$1.53) over that span. It saw one of its worst periods between May 27, 2011 and June 6, 2011 when shares fell for six-straight days, falling 6.1% (-$1.07) over that span. Shares are down $1.18 (-6.6%) year to date.

(Source: Xignite Financials)

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