Barclays on U.S. Lodging: 1Q12 Earnings Preview - See HST, HOT and DRH Topping Estimates
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Rating Summary:
19 Buy, 18 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Barclays on U.S. Lodging: 1Q12 Earnings Preview
Analyst, Felicia R. Hendrix, said, "We expect solid 1Q12 results as a whole for the lodging sector and the majority of the companies in our coverage universe should report in line with to slightly better than expectations. While some companies may beat 1Q forecasts, we do not expect significant upward revisions to 2012 guidance as companies should remain conservative."
Hendrix sees Marriott (NYSE: MAR), Hersha Hospitality Trust (NYSE: HT), Orient-Express Hotels (NYSE: OEH), Chatham Lodging (Nasdaq: CLDT), RLJ Lodging (NYSE: RLJ), Sunstone Hotel (NYSE: SHO) coming in-line this quarter. She sees Host Hotels (NYSE: HST), Starwood (NYSE: HOT) and Diamondrock Hospitality (NYSE: DRH) topping estimates, but thinks Choice Hotels (NYSE: CHH) could miss.
On Individual Stocks:
Marriott (NYSE: MAR): RevPAR should be In-line (+5.5%) offset by some weakness overseas (Europe/Asia), but stock buybacks could provide upside to EPS report.
Host (NYSE: HST): Sees FFO of $0.14 and maintaining guidance.
Starwood (NYSE: HOT): $0.52 (which is in-line) to a slight beat, but only maintaining guidance.
Analyst, Felicia R. Hendrix, said, "We expect solid 1Q12 results as a whole for the lodging sector and the majority of the companies in our coverage universe should report in line with to slightly better than expectations. While some companies may beat 1Q forecasts, we do not expect significant upward revisions to 2012 guidance as companies should remain conservative."
Hendrix sees Marriott (NYSE: MAR), Hersha Hospitality Trust (NYSE: HT), Orient-Express Hotels (NYSE: OEH), Chatham Lodging (Nasdaq: CLDT), RLJ Lodging (NYSE: RLJ), Sunstone Hotel (NYSE: SHO) coming in-line this quarter. She sees Host Hotels (NYSE: HST), Starwood (NYSE: HOT) and Diamondrock Hospitality (NYSE: DRH) topping estimates, but thinks Choice Hotels (NYSE: CHH) could miss.
On Individual Stocks:
Marriott (NYSE: MAR): RevPAR should be In-line (+5.5%) offset by some weakness overseas (Europe/Asia), but stock buybacks could provide upside to EPS report.
Host (NYSE: HST): Sees FFO of $0.14 and maintaining guidance.
Starwood (NYSE: HOT): $0.52 (which is in-line) to a slight beat, but only maintaining guidance.
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