Published on 22 Feb 2024 on Zacks via Yahoo Finance
Should You Buy Sunstone Hotel (SHO) Ahead of Earnings?
Investors are always looking for stocks that are poised to beat at earnings season and Sunstone Hotel Investors, Inc. SHO may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Sunstone Hotel is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for SHO in this report.In fact, the Most Accurate Estimate for the current quarter is currently at 17 cents per share for SHO, compared to a broader Zacks Consensus Estimate of 16 cents per share. This suggests that analysts have very recently bumped up their estimates for SHO, giving the stock a Zacks Earnings ESP of +6.25% heading into earnings season.
Sunstone Hotel Investors, Inc. Price and EPS Surprise
