We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Have you been eager to see how Host Hotels & Resorts Inc. (HST - Free Report) performed in Q4 in comparison with the market expectations? Let’s quickly scan through the key facts from this Bethesda, MD – based hotel real estate investment trust’s (REIT) earnings release this morning:
A FFO Beat
Host Hotels came out with adjusted funds from operations ("FFO") of 41 cents per share, beating the Zacks Consensus Estimate of 38 cents.
Results reflect growth in comparable hotel revenues and improvement in productivity at many of the company’s hotels.
How Was the Earnings Surprise Trend?
Host Hotels has a decent earnings surprise history. Before posting a beat in Q4, the company delivered positive surprise in three out of the prior four quarters, and in-line result in the other occasion, as shown in the chart below.
Host Hotels & Resorts, Inc. Price and EPS Surprise
Overall, the company surpassed the Zacks Consensus Estimate by an average of 5.53% in the trailing four quarters.
Revenues Came Higher than Expected
Host Hotels posted total revenues of nearly $1.34 billion, which beat the Zacks Consensus Estimate of $1.31 billion. It compared favorably with the year-ago number of $1.33 billion.
Key Developments to Note:
For full-year 2017, Host Hotels expects its adjusted FFO per share in a range of $1.60–$1.70, backed by comparable hotel revenue per available room (RevPAR) (constant U.S. dollar basis) growth of 0.0–2.0%.
Notably, on Feb 16, 2017, the company acquired the Don CeSar and Beach House Suites complex in St. Pete Beach, FL for $214 million. Further, on Feb 21, 2017, a new share repurchase program to buy back up to $500 million of common stock was authorized by the Board of Directors.
What Zacks Rank Says
Host Hotels currently has a Zacks Rank #3 (Hold). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
Note: All EPS numbers presented in this write up represent funds from operations (“FFO”) per share. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
Check back later for our full write up on this HST earnings report later!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Host Hotels (HST) Q4 FFO Beats Estimate, Revenues Grow
Have you been eager to see how Host Hotels & Resorts Inc. (HST - Free Report) performed in Q4 in comparison with the market expectations? Let’s quickly scan through the key facts from this Bethesda, MD – based hotel real estate investment trust’s (REIT) earnings release this morning:
A FFO Beat
Host Hotels came out with adjusted funds from operations ("FFO") of 41 cents per share, beating the Zacks Consensus Estimate of 38 cents.
Results reflect growth in comparable hotel revenues and improvement in productivity at many of the company’s hotels.
How Was the Earnings Surprise Trend?
Host Hotels has a decent earnings surprise history. Before posting a beat in Q4, the company delivered positive surprise in three out of the prior four quarters, and in-line result in the other occasion, as shown in the chart below.
Host Hotels & Resorts, Inc. Price and EPS Surprise
Host Hotels & Resorts, Inc. Price and EPS Surprise | Host Hotels & Resorts, Inc. Quote
Overall, the company surpassed the Zacks Consensus Estimate by an average of 5.53% in the trailing four quarters.
Revenues Came Higher than Expected
Host Hotels posted total revenues of nearly $1.34 billion, which beat the Zacks Consensus Estimate of $1.31 billion. It compared favorably with the year-ago number of $1.33 billion.
Key Developments to Note:
For full-year 2017, Host Hotels expects its adjusted FFO per share in a range of $1.60–$1.70, backed by comparable hotel revenue per available room (RevPAR) (constant U.S. dollar basis) growth of 0.0–2.0%.
Notably, on Feb 16, 2017, the company acquired the Don CeSar and Beach House Suites complex in St. Pete Beach, FL for $214 million. Further, on Feb 21, 2017, a new share repurchase program to buy back up to $500 million of common stock was authorized by the Board of Directors.
What Zacks Rank Says
Host Hotels currently has a Zacks Rank #3 (Hold). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)
Note: All EPS numbers presented in this write up represent funds from operations (“FFO”) per share. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
Check back later for our full write up on this HST earnings report later!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>