Host Hotels & Resorts
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Host Hotels & Resorts met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share improved.
Margins grew across the board.
Host Hotels & Resorts chalked up revenue of $1.66 billion. The analysts polled by S&P Capital IQ expected revenue of $1.66 billion on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $1.50 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.02. The five earnings estimates compiled by S&P Capital IQ averaged $0.04 per share. GAAP EPS of $0.02 for Q4 were higher than the prior-year quarter's $0.00 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 23.1%, 210 basis points better than the prior-year quarter. Operating margin was 7.1%, 50 basis points better than the prior-year quarter. Net margin was 1.0%, 140 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $998.4 million. On the bottom line, the average EPS estimate is -$0.08.
Next year's average estimate for revenue is $5.33 billion. The average EPS estimate is $0.16.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 151 members out of 182 rating the stock outperform, and 31 members rating it underperform. Among 72 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 68 give Host Hotels & Resorts a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Host Hotels & Resorts is outperform, with an average price target of $14.72.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.