Sunstone Hotel Investors Inc SHO.N reported quarterly breakeven results per share for the quarter ended in December, lower than the same quarter last year, when the company reported EPS of 7 cents. The mean expectation of five analysts for the quarter was for a loss of one cent per share. Wall Street expected results to range from -7 cents to 1 cents per share.
Revenue fell 10.2% to $219.23 million from a year ago; analysts expected $216.84 million.
Sunstone Hotel Investors Inc's reported EPS for the quarter was 60 cents.
The company reported quarterly income of $123.76 million.
Sunstone Hotel Investors Inc shares had risen by 3.5% this quarter.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 4.2% in the last three months.
In the last 30 days, there have been revisions of earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is "strong buy" or "buy," 9 "hold" and 5 "sell" or "strong sell."
The average consensus recommendation for the specialized reits peer group is also "hold"
Wall Street's median 12-month price target for Sunstone Hotel Investors Inc is $10.00
This summary was machine generated from LSEG data February 23 at 02:31 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING |
ESTIMATE |
ACTUAL |
BEAT, MET, MISSED |
Dec. 31 2023 |
0.17 |
0.19 |
Beat |
Sep. 30 2023 |
0.20 |
0.23 |
Beat |
Jun. 30 2023 |
0.30 |
0.33 |
Beat |
Mar. 31 2023 |
0.17 |
0.21 |
Beat |