Host Hotels & Resorts, Inc. (NYSE:HST) is expected to report third quarter earnings results, after market close, on Wednesday 4th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.45 per share.
Looking ahead, the full year loss are expected at $ 1.36 per share on the revenues of $ 1693.15 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 5,217.00 million ~ $ 5,305.00 million, where as bottomline are predicted in a range of $ 1.65 ~ $ 1.71 per share
Click Here For More Historical Outlooks Of Host Hotels & Resorts, Inc.
Previous Quarter Performance
Host Hotels & Resorts, Inc. outlined loss for the second quarter of $ 0.26 per share, from the revenue of $ 103.00 million. The quarterly revenues shrunk 93.05 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.51 per share from $ 115.18 million in revenue. The bottom line results beat street analysts by $ 0.25 or 49.02 percent, at the same time, top line results fell short of analysts by $ 12.18 million or 10.57 percent.
Stock Performance
Shares of Host Hotels & Resorts, Inc. traded up $ 0.44 or 4.02 percent on Tuesday, reaching $ 11.38 with volume of 14.57 million shares. Host Hotels & Resorts, Inc. has traded high as $ 11.50 and has cracked $ 11.07 on the downward trend
According to the previous trading day, closing price of $ 11.38, representing a 39.19 % increase from the 52 week low of $ 7.86 and a 42.12 % decrease over the 52 week high of $ 18.90.
The company has a market capital of $ 8.03 billion and is part of the Real Estate sector and REIT – Hotel & Motel industry.
Recent Analyst recommendations
- On 19th October 2020, downgraded by Robert W. Baird to Neutral from Outperform rating, with $ 13.00 target price.
- On 13th October 2020, upgraded by BMO Capital Markets to Outperform from Market Perform rating, with $ 14.00 target price.
- On 5th October 2020, initiated by Compass Point at Neutral rating, with $ 12.00 target price.
- On 30th September 2020, downgraded by Bank of America to Underperform from Neutral rating, with $ 12.00 target price.
- On 29th September 2020, downgraded by Bank of America to Underperform from Neutral rating.
Host Hotels & Resorts, Inc. is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 83 properties in the United States and five properties internationally totaling approximately 50,000 rooms.
