The Howard Hughes Corporation (NYSE:HHC) is set to announce third quarter earning results on Thursday 5th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, HHC to report 3Q20 loss of $ 0.52 per share.
For the full year, analysts anticipate top line of $ 673.27 million, while looking forward to loss of $ 4.3 per share bottom line.
Previous Quarter Performance
The Howard Hughes Corporation announced loss for the second quarter of $ 0.61 per share, from the revenue of $ 156.17 million. The quarterly revenues declined 60.71 percent compared with the same quarter last year. Wall street analysts are predicting, HHC to report 2Q20 loss of $ 1.42 per share from revenue of $ 105.10 million. The bottom line results beat street analysts by $ 0.81 or 57.04 percent, at the same time, top line results outshined analysts by $ 51.07 million or 48.59 percent.
Stock Performance
Shares of The Howard Hughes Corporation traded up $ 0.33 or 0.51 percent on Wednesday, reaching $ 65.05 with volume of 192.40 thousand shares. The Howard Hughes Corporation has traded high as $ 65.90 and has cracked $ 63.33 on the downward trend
The closing price of $ 65.05, representing a 84.39 % increase from the 52 week low of $ 35.10 and a 50.12 % decrease over the 52 week high of $ 129.74.
The company has a market capital of $ 3.58 billion and is part of the Real Estate sector and Real Estate – General industry.
The Howard Hughes Corporation owns, manages, and develops commercial, residential, and hospitality operating properties in the United States. It operates through three segments: Operating Assets, Master Planned Communities, and Strategic Developments. The Operating Assets segment owns 15 retail, 28 office, 8 multi-family, and 4 hospitality properties, as well as 10 other operating assets and investments primarily located and around The Woodlands, Texas; Columbia, Maryland; New York, New York; Las Vegas, Nevada; and Honolulu, Hawaii.
