Sunstone Hotel Investors(US:SHO) ZACKSยท2025-02-21 15:30Core Insights - Sunstone Hotel Investors (SHO) reported a revenue of $214.77 million for the quarter ended December 2024, which is a 2% decrease compared to the same period last year [1] - The earnings per share (EPS) for the quarter was $0.16, down from $0.60 in the year-ago quarter, but exceeded the consensus estimate of $0.14, resulting in a surprise of +14.29% [1] - The reported revenue surpassed the Zacks Consensus Estimate of $205.65 million, indicating a surprise of +4.44% [1] Financial Performance Metrics - Comparable Average Daily Rate (ADR) was $304.85, slightly below the two-analyst average estimate of $305.31 [4] - Comparable Occupancy rate was 65.3%, exceeding the two-analyst average estimate of 64.7% [4] - The number of hotels operated was 15, compared to the average estimate of 16 by two analysts [4] - The total number of rooms was 7,253, slightly below the two-analyst average estimate of 7,255 [4] - Comparable Revenue Per Available Room (RevPAR) was $199.07, above the estimated $197.35 by two analysts [4] - Room revenue was reported at $133.19 million, exceeding the average estimate of $126.66 million by four analysts, representing a year-over-year increase of +4.8% [4] - Other operating revenues were $21.93 million, surpassing the average estimate of $16.66 million based on three analysts, reflecting a year-over-year change of +10.9% [4] - Food and beverage revenues were $59.65 million, above the three-analyst average estimate of $56.34 million, but showed a year-over-year decline of -2.7% [4] - The diluted net earnings per share was -$0.02, compared to the average estimate of -$0.03 based on four analysts [4] Stock Performance - Over the past month, shares of Sunstone Hotel have returned -3.4%, while the Zacks S&P 500 composite has increased by +2.2% [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]