For the quarter ended June 2023, Host Hotels (HST - Free Report) reported revenue of $1.39 billion, up 0.9% over the same period last year. EPS came in at $0.53, compared to $0.36 in the year-ago quarter.
The reported revenue represents a surprise of -2.11% over the Zacks Consensus Estimate of $1.42 billion. With the consensus EPS estimate being $0.56, the EPS surprise was -5.36%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Host Hotels performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average room rate: $303.29 versus $308.08 estimated by four analysts on average.
- RevPAR: $225.12 versus $230.69 estimated by four analysts on average.
- Average occupancy rate: 74.2% versus the four-analyst average estimate of 74.93%.
- Number of Rooms: 41031 versus 41324 estimated by four analysts on average.
- Number of properties: 75 versus 75 estimated by two analysts on average.
- Revenues- Room: $850 million versus $876.45 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a 0% change.
- Revenues- Other: $128 million compared to the $125.71 million average estimate based on seven analysts. The reported number represents a change of +1.6% year over year.
- Revenues- Food and beverage: $415 million versus $429.71 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +2.5% change.
- Earnings (loss) per Share- (Diluted): $0.29 compared to the $0.33 average estimate based on seven analysts.
View all Key Company Metrics for Host Hotels here>>>Shares of Host Hotels have returned +6.2% over the past month versus the Zacks S&P 500 composite's +3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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For the quarter ended June 2023, Host Hotels (HST - Free Report) reported revenue of $1.39 billion, up 0.9% over the same period last year. EPS came in at $0.53, compared to $0.36 in the year-ago quarter.
The reported revenue represents a surprise of -2.11% over the Zacks Consensus Estimate of $1.42 billion. With the consensus EPS estimate being $0.56, the EPS surprise was -5.36%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Host Hotels performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average room rate: $303.29 versus $308.08 estimated by four analysts on average.
- RevPAR: $225.12 versus $230.69 estimated by four analysts on average.
- Average occupancy rate: 74.2% versus the four-analyst average estimate of 74.93%.
- Number of Rooms: 41031 versus 41324 estimated by four analysts on average.
- Number of properties: 75 versus 75 estimated by two analysts on average.
- Revenues- Room: $850 million versus $876.45 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a 0% change.
- Revenues- Other: $128 million compared to the $125.71 million average estimate based on seven analysts. The reported number represents a change of +1.6% year over year.
- Revenues- Food and beverage: $415 million versus $429.71 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +2.5% change.
- Earnings (loss) per Share- (Diluted): $0.29 compared to the $0.33 average estimate based on seven analysts.
View all Key Company Metrics for Host Hotels here>>>Shares of Host Hotels have returned +6.2% over the past month versus the Zacks S&P 500 composite's +3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Get the latest research report on HST - FREE