For the quarter ended December 2023, Sunstone Hotel Investors (SHO - Free Report) reported revenue of $219.23 million, down 10.2% over the same period last year. EPS came in at $0.19, compared to $0.07 in the year-ago quarter.
The reported revenue represents a surprise of +3.40% over the Zacks Consensus Estimate of $212.02 million. With the consensus EPS estimate being $0.16, the EPS surprise was +18.75%.
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 Sunstone Hotel performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Comparable ADR: $318.80 versus the two-analyst average estimate of $303.92.
- Comparable Occupancy: 64.8% compared to the 66% average estimate based on two analysts.
- Number of Hotels: 14 versus the two-analyst average estimate of 15.
- Number of Rooms: 6,675 compared to the 6,675 average estimate based on two analysts.
- Comparable RevPAR: $206.58 compared to the $200.81 average estimate based on two analysts.
- Revenues- Room: $127.04 million compared to the $130.99 million average estimate based on five analysts. The reported number represents a change of -13.7% year over year.
- Revenues- Other operating: $19.77 million versus $21.23 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -36.3% change.
- Revenues- Food and beverage: $61.28 million versus the four-analyst average estimate of $56.72 million. The reported number represents a year-over-year change of -6.9%.
- Net Earnings Per Share (Diluted): $0.60 versus the four-analyst average estimate of $0.16.
View all Key Company Metrics for Sunstone Hotel here>>>Shares of Sunstone Hotel have returned +4.4% over the past month versus the Zacks S&P 500 composite's +5% 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 December 2023, Sunstone Hotel Investors (SHO - Free Report) reported revenue of $219.23 million, down 10.2% over the same period last year. EPS came in at $0.19, compared to $0.07 in the year-ago quarter.
The reported revenue represents a surprise of +3.40% over the Zacks Consensus Estimate of $212.02 million. With the consensus EPS estimate being $0.16, the EPS surprise was +18.75%.
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 Sunstone Hotel performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Comparable ADR: $318.80 versus the two-analyst average estimate of $303.92.
- Comparable Occupancy: 64.8% compared to the 66% average estimate based on two analysts.
- Number of Hotels: 14 versus the two-analyst average estimate of 15.
- Number of Rooms: 6,675 compared to the 6,675 average estimate based on two analysts.
- Comparable RevPAR: $206.58 compared to the $200.81 average estimate based on two analysts.
- Revenues- Room: $127.04 million compared to the $130.99 million average estimate based on five analysts. The reported number represents a change of -13.7% year over year.
- Revenues- Other operating: $19.77 million versus $21.23 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -36.3% change.
- Revenues- Food and beverage: $61.28 million versus the four-analyst average estimate of $56.72 million. The reported number represents a year-over-year change of -6.9%.
- Net Earnings Per Share (Diluted): $0.60 versus the four-analyst average estimate of $0.16.
View all Key Company Metrics for Sunstone Hotel here>>>Shares of Sunstone Hotel have returned +4.4% over the past month versus the Zacks S&P 500 composite's +5% 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.
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
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