Sunstone Hotel Investors, Inc. (NYSE:SHO) is set to announce third quarter earning results on Thursday 5th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, SHO to report 3Q20 loss of $ 0.33 per share.
For the full year, analysts anticipate top line of $ 318.56 million, while looking forward to loss of $ 1.76 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 0.95 ~ $ 1.05 per share
Click Here For More Historical Outlooks Of Sunstone Hotel Investors, Inc.
Previous Quarter Performance
Sunstone Hotel Investors, Inc. revealed loss for the second quarter of $ 0.31 per share, from the revenue of $ 10.42 million. The quarterly revenues declined 96.50 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.43 per share from $ 22.58 million in revenue. The bottom line results beat street analysts by $ 0.12 or 27.91 percent, at the same time, top line results fell short of analysts by $ 12.16 million or 53.85 percent.
Stock Performance
Shares of Sunstone Hotel Investors, Inc. traded low $ -0.04 or -0.49 percent on Wednesday, reaching $ 8.05 with volume of 3.61 million shares. Sunstone Hotel Investors, Inc. has traded high as $ 8.12 and has cracked $ 7.70 on the downward trend
The closing price of $ 8.05, representing a 40.70 % increase from the 52 week low of $ 5.75 and a 43.98 % decrease over the 52 week high of $ 14.44.
The company has a market capital of $ 1.74 billion and is part of the Real Estate sector and REIT – Hotel & Motel industry.
Recent Analyst recommendations
- On 5th October 2020, initiated by Compass Point at Neutral rating, with $ 9.00 target price.
- On 30th September 2020, upgraded by Bank of America to Buy from Neutral rating.
- On 29th September 2020, upgraded by Bank of America to Buy from Neutral rating.
Sunstone Hotel Investors, Inc. is a lodging real estate investment trust (“REIT”) that as of May 6, 2019 has interests in 21 hotels comprised of 10,780 rooms. Sunstones primary business is to acquire, own, asset manage and renovate hotels considered to be Long-Term Relevant Real Estate®, the majority of which are operated under nationally recognized brands, such as Marriott, Hilton and Hyatt.
