Starwood Hotels 2Q Earnings Pregame Scorecard
Starwood Hotels (NYSE:HOT) has topped Wall Street expectations for the last five quarters, and it will try to keep that streak alive as it reports the latest earnings on Thursday.
Expectations
Analysts currently expect Starwood Hotels to come in with earnings of 61 cents per share on revenues of $1.56 billion. Estimates range from earnings per share to earnings per share. The average estimate has shown no movement over the last three months.
Stock Movement
Recently, the stock price has been rising Since July 16, 2012 business days the stock has risen $1.78 per share. Looking at change over the last three months, April 25, 2012 and July 20, 2012, the stock price fell $5.71 (-9.9%), from $57.62 to $51.91.
Company Fundamental Trends
Stock Ratings
Analysts are bullish on the stock as 13 analysts rate it as a buy and there are no sell ratings. Analyst sentiment has been improving recently, as the average rating risen slightly over the past three months.
Last Quarter's Results
In the first quarter, profit rose more than fourfold to $128 million (65 cents a share) from $28 million (14 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 32.4% to $1.72 billion from $1.29 billion.
Summary
Reporting Period: 2Q
Date of Release: Thursday, July 26, 2012 before market open
EPS: 61 cents
Revenue Estimate: $1.56 billion
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)