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Host Hotels & Resorts (NYSE:HST) Q3 2020 Earnings Prep

in EARNINGS/INVESTING IDEAS by

Host Hotels & Resorts, Inc. (NYSE:HST) is scheduled to report Q3 earnings results after markets close for trading on November 4, 2020.

The company is expected to report earnings of -$0.46/share on revenue of $255.2 million. The consensus earnings per share (EPS) of -$0.46/share is based on a poll of 5 analysts and represents a decline in eps of −188.7% over the same quarter last year, when the company reported earnings of $0.51/share.

The revenue forecast of $255.2 million based on a poll of 17 analysts implies a year-over-year (YoY) decline in revenue of −79.8%. Last year the company reported $1.262 billion in revenue for the quarter.

Expected to report EPS of -$0.46/share for Q3, 2020
Metric Expected Prior Year YoY Change
Revenue $255.24 $1,262.00 −79.8%
EPS -$0.46 $0.51 −188.7%

Earnings Call Trends

Historically, management has exceeded analyst expectations 7 out of the last 8 tracked quarters, and missed expectations 1 quarter.

What are your expectations from Host Hotels & Resorts, Inc. for earnings this quarter? Let us know in the comments!

Analyst Expected vs. Reported EPS
Quarter Expected Reported Surprise Result
Q2, 2020 -$0.52 -$0.50 4.7% Beat
Q1, 2020 $0.06 $0 -100% Missed
Q4, 2019 $0.10 $0.19 87.7% Beat
Q3, 2019 $0.49 $0.51 5.7% Beat
Q2, 2019 $0.31 $0.39 26.0% Beat
Q1, 2019 $0.21 $0.25 17.7% Beat
Q4, 2018 $0.18 $0.41 128.0% Beat
Q3, 2018 $0.12 $0.43 244.6% Beat

In the following table, we summarize the company’s stock price movements after earnings releases. The “Price Day Prior” column shows the closing stock price on the day before the earnings report, and the “Price Next Day” column shows the stock price at the end of the trading day after the earnings report. After the last earnings report for the period ending June 30, 2020, the stock price reacted by falling −2.2%.

Stock Price Performance After Earnings
Report Date Price Day Prior Price Next Day Change % Result
July 30, 2020 $11.02 $10.78 −2.2% Decline
May 7, 2020 $10.53 $11.06 5.0% Increase
February 19, 2020 $16.85 $17.18 2.0% Increase
November 5, 2019 $17.13 $17.43 1.8% Increase

Fundamentals And Technical Analysis

Host Hotels & Resorts, Inc. is currently trading at $10.45/share, down −3.8% for the day. The company is trading at approximately 55.4% of its 52-week high of $18.90/share. The company’s stock price is down −3.1% since the last earnings report and down −5.4% over the previous week. The company’s 14 Day Relative Price Index (RSI) of 41.80 suggests the company is trading in technically neutral territory. The RSI is considered overbought when above 70 and oversold when below 30.


NYSE:HST Stock Price Chart
Source: Finbox

The current share price implies a price-to-earnings (P/E) multiple of 79.17 and a forward P/E multiple of −7.78.

Host Hotels & Resorts, Inc.’s current share price also implies a price-to-book (P/B) multiple of 1.11. The following table summarizes some other key fundamental ratios:

Data as of October 28, 2020
Metric Value
Last Reported Fiscal Period Key FY2020.Q2
Period End Date June 30, 2020
Stock Price (Current) $10.45
P/E Ratio 79.2x
P/E Ratio (Fwd) −7.8x
PEG Ratio −0.9
Total Debt / Total Capital 39.7%
Levered Free Cash Flow $611 million
EV / EBITDA 18.6x

Finbox

Host Hotels & Resorts, Inc. is a mid-cap stock with a market capitalization of $7.659 billion and a total enterprise value of $11.317 billion. The company operates in the Real Estate sector and the Equity Real Estate Investment Trusts (REITs) industry.

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 75 properties in the United States and five properties internationally totaling approximately 46,700 rooms. The Company also holds non-controlling interests in six domestic and one international joint ventures. Guided by a disciplined approach to capital allocation and aggressive asset management, the Company partners with premium brands such as Marriott, Ritz-Carlton, Westin, Sheraton, W St. Regis, The Luxury Collection, Hyatt, Fairmont, Hilton, Swissôtel, ibis and Novotel, as well as independent brands.

Expertise: financial technology, analyzing market trends. Brian is a founder at finbox.io, where he’s focused on building tools that make it faster and easier for investors to research stock fundamentals. Brian’s background is in physics & computer science and previously worked as a software engineer at GE Healthcare. He enjoys applying his expertise in technology to help find market trends that impact investors. Brian can be reached at brian@finbox.io or at +1 (516) 778-6257.

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