Analysts on Wall Street project that Host Hotels (HST) will announce quarterly earnings of $0.47 per share in its forthcoming report, representing an increase of 6.8% year over year. Revenues are projected to reach $1.54 billion, increasing 8.1% from the same quarter last year.
The consensus EPS estimate for the quarter has undergone a downward revision of 0.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
In light of this perspective, let's dive into the average estimates of certain Host Hotels metrics that are commonly tracked and forecasted by Wall Street analysts.
The combined assessment of analysts suggests that 'Revenues- Rooms' will likely reach $864.49 million. The estimate indicates a year-over-year change of +0.2%.
It is projected by analysts that the 'Revenues- Other' will reach $236.68 million. The estimate suggests a change of +76.6% year over year.
The consensus among analysts is that 'Revenues- Food and beverage' will reach $441.33 million. The estimate suggests a change of +2.4% year over year.
Analysts predict that the 'Number of Rooms' will reach 41,837 . The estimate compares to the year-ago value of 42,508 .
Analysts forecast 'RevPAR' to reach $218.96 . The estimate compares to the year-ago value of $212.86 .
Analysts expect 'Number of Properties' to come in at 76 . The estimate compares to the year-ago value of 78 .
The average prediction of analysts places 'Average Room Rate' at $330.79 . Compared to the present estimate, the company reported $317.23 in the same quarter last year.
According to the collective judgment of analysts, 'Average Occupancy Percentage' should come in at 65.7%. Compared to the present estimate, the company reported 67.1% in the same quarter last year.
Analysts' assessment points toward 'Depreciation and amortization' reaching $196.53 million.
View all Key Company Metrics for Host Hotels here>>>
Over the past month, shares of Host Hotels have returned +5.8% versus the Zacks S&P 500 composite's -2% change. Currently, HST carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Host Hotels & Resorts, Inc. (HST): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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