The latest analyst coverage could presage a bad day for Host Hotels & Resorts, Inc. (NYSE:HST), with the analysts making across-the-board cuts to their statutory estimates that might leave shareholders a little shell-shocked. Revenue estimates were cut sharply as analysts signalled a weaker outlook – perhaps a sign that investors should temper their expectations as well.
Following the latest downgrade, the 17 analysts covering Host Hotels & Resorts provided consensus estimates of US$2.5b revenue in 2020, which would reflect a concerning 52% decline on its sales over the past 12 months. Before the latest update, the analysts were foreseeing US$2.9b of revenue in 2020. The consensus view seems to have become more pessimistic on Host Hotels & Resorts, noting the measurable cut to revenue estimates in