Starwood Hotel & Resorts Worldwide, Inc. Earnings: Beats Analysts’ Estimates

S&P 500 (NYSE:SPY) component Starwood Hotel & Resorts Worldwide, Inc. (NYSE:HOT) reported net income above Wall Street’s expectations for the second quarter. Starwood Hotels & Resorts Worldwide Inc. operates hotel and leisure business. Its brand names include St. Regis, The Luxury Collection, W, Westin and Le Mridien.

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Starwood Hotel & Resorts Worldwide Earnings Cheat Sheet for the Second Quarter

Results: Net income for Starwood Hotel & Resorts Worldwide, Inc. rose to $131 million (68 cents per share) vs. $114 million (61 cents per share) in the same quarter a year earlier. This marks a rise of 14.9% from the year earlier quarter.

Revenue: Rose 10.6% to $1.43 billion from the year earlier quarter.

Actual vs. Wall St. Expectations: HOT reported adjusted net income of 77 cents per share. By that measure, the company beat the mean estimate of 46 cents per share. Analysts were expecting revenue of $1.41 billion.

Quoting Management: Frits van Paasschen, CEO said, “We continue to see strong demand across both business and leisure travelers. This demand fueled growth across each of our nine distinct and compelling brands. Our efforts to hold the line on costs enabled us to beat EBITDA and EPS expectations in the quarter.”

Key Stats:

The company has now topped analyst estimates for the last four quarters. It beat the mark by 4 cents in the first quarter, by 13 cents in the fourth quarter of the last fiscal year, and by 3 cents in the third quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue increased 9.1% to $1.29 billion in the first quarter. The figure rose 15.8% in the fourth quarter of the last fiscal year from the year earlier and climbed 3% in the third quarter of the last fiscal year from the year-ago quarter.

Competitors to Watch: Marriott Intl., Inc. (NYSE:MAR), Hyatt Hotels Corporation (NYSE:H), Wyndham Worldwide Corp. (NYSE:WYN), Choice Hotels Intl., Inc. (NYSE:CHH), Silverleaf Resorts, Inc. (NASDAQ:SVLF), Bluegreen Corporation (NYSE:BXG), Red Lion Hotels Corp. (NYSE:RLH), Gaylord Entertainment Co. (NYSE:GET), and InterContinental Hotels Group PLC (NYSE:IHG).

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(Source: Xignite Financials)