Host Hotels & Resorts Third Quarter Earnings Sneak Peek

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S&P 500 (NYSE:SPY) component Host Hotels & Resorts (NYSE:HST) will unveil its latest earnings on Wednesday, October 10, 2012. Host Hotels & Resorts is a self-managed and self-administered hospitality real estate investment trust.

Host Hotels & Resorts Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 21 cents per share, a rise of 31.2% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 20 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 21 cents during the last month. Analysts are projecting profit to rise by 17.4% compared to last year’s $1.08.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked profit of 34 cents per share versus a mean estimate of net income of 33 cents per share.

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A Look Back: In the second quarter, profit rose 32.3% to $82 million (11 cents a share) from $62 million (9 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 5.4% to $1.37 billion from $1.3 billion.

Wall St. Revenue Expectations: On average, analysts predict $1.21 billion in revenue this quarter, a rise of 6.1% from the year-ago quarter. Analysts are forecasting total revenue of $5.33 billion for the year, a rise of 6.6% from last year’s revenue of $5 billion.

Stock Price Performance: Between August 8, 2012 and October 4, 2012, the stock price had risen 61 cents (4%), from $15.14 to $15.75. The stock price saw one of its best stretches over the last year between September 5, 2012 and September 14, 2012, when shares rose for eight straight days, increasing 13.8% (+$2.09) over that span. It saw one of its worst periods between July 17, 2012 and July 25, 2012 when shares fell for seven straight days, dropping 9.3% (-$1.44) over that span.

Key Stats:

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 13.3% in the third quarter of the last fiscal year, 11.3% in the fourth quarter of the last fiscal year and 8.7% in the first quarter before increasing again in the second quarter.

Analyst Ratings: There are mostly holds on the stock with 13 of 19 analysts surveyed giving that rating.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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