HST Earnings Prediction
The chart below shows how HST performed 10 days before and after its earnings report, based on data from the past quarters. Typically, HST sees a -0.16% change in stock price 10 days leading up to the earnings, and a -1.20% change 10 days following the report. On the earnings day itself, the stock moves by -0.10%. This data can give you a slight idea of what to expect for the next quarter's release.
HST Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.32B
8.65%
-10.03%
Gross Margin
14.10%
-6.44%
-38.10%
Operating Margin
5.84%
-31.13%
-59.22%
Net Margin
6.37%
-31.58%
-61.42%
EPS
0.12
-25.00%
-64.71%
No Data Available
HST Earnings Analysis
Host Hotels & Resorts, Inc. Corporation (HST.O) Earnings Conference Call
Positive
Adjusted EBITDAre Resilience: 1. Strong Adjusted EBITDAre: Host Hotels & Resorts reported an adjusted EBITDAre of $324 million for Q3 2024, demonstrating resilience despite challenges, with a 5% increase when excluding prior year business interruption proceeds.
RevPAR Improvement: 2. RevPAR Growth: The company achieved a year-over-year comparable hotel total RevPAR improvement of 3.1%, indicating strong out-of-room revenue performance.
Group Room Revenue Growth: 3. Group Room Night Revenue Increase: Group room night revenue rose by 1% in Q3 2024, supported by strong rate growth, with total group revenue pace up approximately 5% compared to the same time last year.
Share Repurchase Activity: 4. Share Repurchase Program: During the quarter, Host repurchased 3.5 million shares at an average price of $16.33, totaling $57 million, with $685 million remaining under the share repurchase program.
Capital Expenditure Update: 5. Capital Expenditure Guidance: The company updated its 2024 capital expenditure guidance to a range of $485 million to $580 million, including significant investments for redevelopment and ROI projects, indicating a commitment to enhancing portfolio value.
Negative
Adjusted EBITDAre Decline: 1. Decline in Adjusted EBITDAre: Host Hotels reported adjusted EBITDAre of $324 million for Q3 2024, a 10% decrease compared to the previous year, primarily due to $54 million in business interruption insurance proceeds received in Q3 2023.
Maui Wildfires Impact: 2. Negative Impact from Maui Wildfires: The wildfires in Maui are estimated to have negatively impacted third quarter RevPAR by approximately 190 basis points, with a total expected impact of 220 basis points for the full year.
Declining Hotel EBITDA Margin: 3. Lower Comparable Hotel EBITDA Margin: The comparable hotel EBITDA margin for Q3 2024 was 25.3%, which is 130 basis points lower than the previous year, driven by increased wages and benefits.
Revised EBITDA Guidance: 4. Revised Full Year Guidance: The company revised its full year adjusted EBITDAre guidance to $1.630 billion, reflecting a $15 million decrease from prior estimates due to hurricane impacts in Florida.
Maui Revenue Impact: 5. Group Revenue Drag from Maui: Group revenue growth in Q3 was negatively impacted by approximately 570 basis points due to the recovery challenges in Maui, highlighting the ongoing struggles in that market.
HST FAQs
How does HST typically perform around its earnings report dates?
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HST Earning Call Sentiment
Host Hotels & Resorts, Inc. (HST) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
HST.O
-0.97%Positive
The earnings call presents a mixed picture. Strong financial metrics, like the increase in RevPAR and FFO, are countered by negative indicators such as declining EBITDA margins and lower guidance. The Q&A reveals some uncertainty, particularly around Maui's EBITDA recovery. The company is actively returning capital to shareholders via dividends and repurchases, which is positive. However, the overall guidance is weak, and there are concerns about operational costs and capital expenditure risks. This combination of factors suggests a neutral stock price movement over the next two weeks.
