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]
Howard Hughes Holdings (HHH) Beats Q2 Earnings and Revenue Estimates