Host Hotels & Resorts 2Q Results: Postgame Scorecard
Host Hotels & Resorts (NYSE:HST) missed estimates for the second quarter even with an increase in its profit.
Earnings and Revenue The company's revenues topped Wall Street's expectations, though the company's EPS fell short of predictions. The company reported EPS of 11 cents a share versus the 33 cents a share estimate and revenues of $1.37 billion versus the $1.36 billion estimate. The company's reported EPS came in below the low estimate of 17 analysts of a profit of 24 cents.
The company's net income for the quarter was $82 million. According to the reported number, this is up 32.3% from last year's levels. Revenue climbed 6.5% from $1.3 billion in the same period last year.
Company Fundamental Trends The company posted a profit last quarter after reporting a net loss of $17 million or a loss of 3 cents per share in the prior quarter.
History Against Expectations The company missed forecasts after topping estimates in the previous two quarters. In the first quarter, it topped the mark by one cent, and in the fourth quarter of the last fiscal year, it was ahead by 2 cents.
Estimates provided by Zacks Investment Research and company fundamentals from Xignite Financials.