Sunstone Hotel Invts Q2 2024 FFO $0.28 Beats $0.27 Estimate, Sales $247.481M Miss $249.657M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sunstone Hotel Invts (NYSE:SHO) reported Q2 2024 earnings per share of $0.28, beating the analyst estimate of $0.27. However, the company's sales of $247.481 million missed the estimate of $249.657 million and were down 10.37% from the same period last year.
August 07, 2024 | 11:39 am
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Sunstone Hotel Invts (NYSE:SHO) reported Q2 2024 earnings per share of $0.28, beating the analyst estimate of $0.27. However, the company's sales of $247.481 million missed the estimate of $249.657 million and were down 10.37% from the same period last year.
The earnings beat by 3.7% is a positive sign, but the sales miss and the 10.37% YoY decline in sales are concerning. These mixed results are likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100