Host Hotels & Resorts Inc. Earnings Cheat Sheet: Double-Digit Revenue Growth

S&P 500 (NYSE:SPY) component Host Hotels & Resorts Inc. (NYSE:HST) reported its results for the third quarter. Host Hotels & Resorts is a self-managed and self-administered hospitality real estate investment trust.

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Host Hotels & Resorts Earnings Cheat Sheet for the Third Quarter

Results: Reported Funds from Operations (FFO) of $112 million (16 cents per diluted share) in the quarter after seeing FFO of 75 million (11 cents per share) in the year earlier quarter. The company’s net loss narrowed to $33 million from $58 million a year earlier.

Revenue: Rose 14% to $1.14 billion from $1 billion a year earlier.

Actual vs. Wall St. Expectations: The mean analyst estimate was for FFO of 17 cents per share. Analysts were estimating revenue of $1.13 billion.

Looking Forward: The average estimate for the fourth quarter has moved down from 34 cents a share to 33 cents over the last sixty days. The average estimate for the fiscal year is 91 cents per share, down from 93 cents ninety days ago.

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).

Investing Insights: Amazon.com has a Stock Chart Technical Analysts Dream About.

(Source: Xignite Financials)

 

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