Sunstone Hotel (SHO) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

For the quarter ended March 2024, Sunstone Hotel Investors (SHO) reported revenue of $217.17 million, down 10.8% over the same period last year. EPS came in at $0.18, compared to $0.08 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $212 million, representing a surprise of +2.44%. The company delivered an EPS surprise of +12.50%, with the consensus EPS estimate being $0.16.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Sunstone Hotel performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Comparable ADR: $325.16 compared to the $313.47 average estimate based on two analysts.
  • Comparable Occupancy: 68.6% versus the two-analyst average estimate of 68.4%.
  • Number of Hotels: 15 versus 15 estimated by two analysts on average.
  • Number of Rooms: 7,307 compared to the 6,675 average estimate based on two analysts.
  • Comparable RevPAR: $223.06 compared to the $214.27 average estimate based on two analysts.
  • Revenues- Room: $135.82 million versus the five-analyst average estimate of $134.67 million. The reported number represents a year-over-year change of -10.9%.
  • Revenues- Other operating: $20.01 million versus $17.35 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -0.9% change.
  • Revenues- Food and beverage: $61.34 million versus $60.48 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -13.4% change.
  • Net Earnings Per Share (Diluted): $0.05 versus $0.06 estimated by four analysts on average.
View all Key Company Metrics for Sunstone Hotel here>>>

Shares of Sunstone Hotel have returned -6.6% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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