Host Hotels & Resorts Earnings: Everything You Must Know Now
Host Hotels & Resorts Inc. (NYSE:HST) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Host Hotels & Resorts Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 100% to $0.28 in the quarter versus EPS of $0.14 in the year-earlier quarter.
Revenue: Rose 27.67% to $1.26 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Host Hotels & Resorts Inc. reported adjusted EPS income of $0.28 per share. By that measure, the company beat the mean analyst estimate of $0.23. It beat the average revenue estimate of $1.19 billion.
Quoting Management: There was no comment from management.
Key Stats (on next page)…
Revenue decreased 27.83% from $1.74 billion in the previous quarter. EPS decreased 30% from $0.40 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.40 to a profit $0.41. For the current year, the average estimate has moved down from a profit of $1.27 to a profit of $1.26 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)