Company Overview - Howard Hughes Holdings has underperformed the market in 2023, raising questions about its future stock performance [1] - The company's earnings outlook is a key measure for investors to assess potential stock movements [1][2] Earnings Estimates - The current consensus EPS estimate for the upcoming quarter is $0.35, with expected revenues of $299.76 million [4] - For the current fiscal year, the consensus EPS estimate is $3.04 on revenues of $1.66 billion [4] - The estimate revisions trend for Howard Hughes Holdings is currently favorable, resulting in a Zacks Rank 2 (Buy) [3] Recent Performance - Howard Hughes Holdings reported quarterly earnings of $0.42 per share, exceeding the Zacks Consensus Estimate of $0.28 per share, and showing a significant improvement from a loss of $0.39 per share a year ago [8] - The company achieved revenues of $317.41 million for the quarter, surpassing the Zacks Consensus Estimate by 11.71% and increasing from $223.32 million year-over-year [9] Industry Context - The Real Estate - Development industry, to which Howard Hughes Holdings belongs, is currently ranked in the top 41% of over 250 Zacks industries, indicating a favorable industry outlook [5] - The performance of Howard Hughes Holdings may be influenced by the overall industry trends, as top-ranked industries tend to outperform lower-ranked ones significantly [5] Stock Performance - Since the beginning of the year, Howard Hughes Holdings shares have declined by approximately 17.6%, contrasting with a 13.2% gain in the S&P 500 [10]

Strategic Developments At The Launiu—Ward Village's newest development—pre-sales continued at a solid pace with 66 units contracted in the quarter. At quarter end, 51% of the tower's 485 residences were pre-sold. Construction on Kalae—Ward Village's 10th condo tower—commenced in June. During the second quarter, seven units were contracted with 92% of its 329 condos pre-sold. Contracted to sell 16 residences at The Ritz Carlton Residences, The Woodlands. At quarter end, 72 condos, or 65% of available units, ...

Core Viewpoint - Howard Hughes Holdings Inc. announced the upcoming distribution of shares of Seaport Entertainment Group Inc. to its common stockholders, with trading expected to begin on NYSE American [1][2]. Group 1: Distribution Details - The distribution of Seaport Entertainment shares will occur for HHH common stockholders of record as of July 29, 2024, with the distribution payable after market close on July 31, 2024 [1]. - "When-issued" trading of Seaport Entertainment common stock is set to begin on July 29, 2024, under the symbol "SEG WI," while regular trading will commence on August 1, 2024, under the symbol "SEG" [2]. - HHH common stock will continue to trade "regular way" on the NYSE under the symbol "HHH" until the distribution date, with two markets for HHH stock expected to exist starting July 29, 2024: "regular way" and "ex-distribution" [2]. Group 2: Regulatory and Information Aspects - An Information Statement detailing the distribution and Seaport Entertainment's business will be mailed to HHH stockholders prior to the distribution date [3]. - The distribution is contingent upon customary conditions, including the SEC declaring Seaport Entertainment's Registration Statement effective [3]. Group 3: Company Overview - Howard Hughes Holdings Inc. is involved in owning, managing, and developing commercial, residential, and mixed-use real estate across the U.S., with a portfolio that includes master planned communities and various operating properties [4]. - The company is recognized for its commitment to innovative placemaking and design excellence, positioning itself as a strong player in the real estate market [4].

HHH now expects "when-issued" trading of Seaport Entertainment common stock to begin on July 29, 2024, on NYSE American under the symbol "SEG WI." The "when-issued" trading market is a market for the yet-to-beissued shares of Seaport Entertainment common stock that will be distributed to holders of HHH common stock on the Distribution Date. "Regular-way" trading of Seaport Entertainment common stock is expected to begin on NYSE American on August 1, 2024, under the symbol "SEG." About Howard Hughes Holdings ...

Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising th ...

THE WOODLANDS, Texas, July 18, 2024 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) (the "Company" or "HHH") announced today that its Board of Directors has authorized and declared a pro rata distribution (the "Distribution") of 100% of the outstanding shares of common stock of Seaport Entertainment Group Inc. ("Seaport Entertainment") to holders of record of HHH common stock as of the close of business on July 29, 2024 (the "Record Date"). The Distribution is expected to be payable after market ...

THE WOODLANDS, Texas, July 18, 2024 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) (the "Company" or "HHH") announced today that its Board of Directors has authorized and declared a pro rata distribution (the "Distribution") of 100% of the outstanding shares of common stock of Seaport Entertainment Group Inc. ("Seaport Entertainment") to holders of record of HHH common stock as of the close of business on July 29, 2024 (the "Record Date"). The Distribution is expected to be payable after market ...

Mr. Arora serves as Board Executive Chair for Innovate@UCLA, a non-profit organization providing educational and innovative technology events for companies. Mr. Arora earned a bachelor's degree in production engineering from Fr. Conceicao Rodrigues College of Engineering, Mumbai, India, and an MBA from University of Arizona's Eller College of Management. THE WOODLANDS, Texas, July 16, 2024 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) today announced that Bhupesh Arora has been named the compa ...

"Bhupesh is a seasoned technologist and leader whose expertise will be a great asset to Howard Hughes as we continue to build and scale innovative technologies across our communities," said Carlos Olea, Chief Financial Officer of Howard Hughes. "With his proven track record of leading digital transformations, Bhupesh is an excellent addition to the HHH team." About Howard Hughes Holdings Inc. Contacts: A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg ...

Please visit the Howard Hughes website to listen to the earnings call via a live webcast. Listeners who wish to participate in the question and answer session may do so via telephone by pre-registering on HHH's earnings call registration website. All registrants will receive dial-in information and a PIN allowing them to access the live call. An on-demand replay of the earnings call will be available on the Company's website immediately following the conclusion of the live call for a period of one year. THE ...