Host Hotels & Resorts, Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Host Hotels & Resorts, Inc. (NYSE:HST) will unveil its latest earnings on Wednesday, October 12, 2011. Host Hotels & Resorts 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 net income of 16 cents per share, a rise of 45.5% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 19 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 17 cents during the last month. For the year, analysts are projecting profit of 91 cents per share, a rise of 33.8% from last year.

Past Earnings Performance: The company beat estimates last quarter after falling short in the prior two. In the second quarter, the company reported net income of 30 cents per share versus a mean estimate of profit of 29 cents per share. In the first quarter, the company missed estimates by one cent.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 11.9% in revenue from the year-earlier quarter to $1.13 billion.

Analyst Ratings: Analysts seem relatively indifferent about Host Hotels & Resorts with 10 of 18 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, profit rose more than threefold to $62 million (9 cents a share) from $19 million (2 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 17.3% to $1.3 billion from $1.11 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 10.8% in the first quarter from the year earlier, climbed 13.2% in the fourth quarter of the last fiscal year from the year-ago quarter and 8.9% in the third quarter of the last fiscal year.

Host Hotels & Resorts’ profit last quarter followed losses in the three previous quarters. The company reported a loss of $60 million in the first quarter, a loss of $6 million in the fourth of the last fiscal year and a loss of $58 million in the third 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 July 13, 2011 to October 7, 2011, the stock price had fallen $6.41 (-37.3%) from $17.18 to $10.77. 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 July 28, 2011 and August 8, 2011 when shares fell for eight-straight days, falling 26.5% (-$4.27) over that span. Shares are down $7.10 (-39.73%) year to date.

(Source: Xignite Financials)

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