Subtext

Host Hotels & Resorts, Inc. HST

SectorReal Estate
Transcripts72
Date range2007-07-18 – 2025-05-01
Calls charted71

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-19-10+0+10+192007 Q32009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22007 Q3 · Overall: +11.82007 Q4 · Overall: +6.12008 Q1 · Overall: +2.72008 Q2 · Overall: -4.02008 Q3 · Overall: -11.82008 Q4 · Overall: -8.32009 Q1 · Overall: -5.52009 Q2 · Overall: -6.22009 Q3 · Overall: -1.02009 Q4 · Overall: -1.32010 Q1 · Overall: +2.02010 Q2 · Overall: +5.92010 Q3 · Overall: +10.52010 Q4 · Overall: +11.82011 Q1 · Overall: +1.42011 Q2 · Overall: +8.62011 Q3 · Overall: +4.12011 Q4 · Overall: +0.02012 Q1 · Overall: +11.32012 Q2 · Overall: +7.72012 Q3 · Overall: +11.72012 Q4 · Overall: +5.62013 Q1 · Overall: +9.22013 Q2 · Overall: +8.52013 Q3 · Overall: +12.22013 Q4 · Overall: +14.02014 Q1 · Overall: +13.02014 Q2 · Overall: +12.52014 Q3 · Overall: +10.62014 Q4 · Overall: +8.32015 Q1 · Overall: +10.32015 Q2 · Overall: +4.32015 Q3 · Overall: +5.42015 Q4 · Overall: +7.22016 Q1 · Overall: +7.12016 Q2 · Overall: +3.62016 Q3 · Overall: +6.72016 Q4 · Overall: +12.02017 Q1 · Overall: +14.82017 Q2 · Overall: +13.52017 Q3 · Overall: +12.32017 Q4 · Overall: +14.32018 Q1 · Overall: +16.72018 Q2 · Overall: +12.62018 Q3 · Overall: +5.32018 Q4 · Overall: +12.82019 Q1 · Overall: +10.32019 Q2 · Overall: +3.62019 Q3 · Overall: +7.62019 Q4 · Overall: +6.42020 Q1 · Overall: -2.42020 Q2 · Overall: +0.12020 Q3 · Overall: +3.62020 Q4 · Overall: +10.32021 Q1 · Overall: +16.72021 Q2 · Overall: +6.42021 Q3 · Overall: +11.62021 Q4 · Overall: +9.52022 Q1 · Overall: +5.72022 Q2 · Overall: +9.22022 Q3 · Overall: +7.12022 Q4 · Overall: +1.52023 Q1 · Overall: +6.02023 Q2 · Overall: +5.12023 Q3 · Overall: +4.42023 Q4 · Overall: +5.02024 Q1 · Overall: -14.82024 Q2 · Overall: +1.62024 Q3 · Overall: +4.42024 Q4 · Overall: +8.62025 Q1 · Overall: +2.0
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-27-13+0+13+272007 Q32009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22007 Q3 · CEO: +14.32007 Q4 · CEO: +7.12008 Q1 · CEO: +2.32008 Q2 · CEO: -6.02008 Q3 · CEO: -11.22008 Q4 · CEO: -1.42009 Q1 · CEO: -12.92009 Q2 · CEO: -2.42009 Q3 · CEO: +1.22009 Q4 · CEO: +3.42010 Q1 · CEO: +7.02010 Q2 · CEO: +9.62010 Q3 · CEO: +15.22010 Q4 · CEO: +14.32011 Q1 · CEO: +5.02011 Q2 · CEO: +12.32011 Q3 · CEO: +5.22012 Q1 · CEO: +13.32012 Q2 · CEO: +8.92012 Q3 · CEO: +18.12012 Q4 · CEO: +9.22013 Q1 · CEO: +12.02013 Q2 · CEO: +9.42013 Q3 · CEO: +14.92013 Q4 · CEO: +17.22014 Q1 · CEO: +14.92014 Q2 · CEO: +16.32014 Q3 · CEO: +10.72014 Q4 · CEO: +13.22015 Q1 · CEO: +12.82015 Q2 · CEO: +9.62015 Q3 · CEO: +10.92015 Q4 · CEO: +10.62016 Q1 · CEO: +11.12016 Q2 · CEO: +7.62016 Q3 · CEO: +10.22016 Q4 · CEO: +16.22017 Q1 · CEO: +20.22017 Q2 · CEO: +18.12017 Q3 · CEO: +13.82017 Q4 · CEO: +18.52018 Q1 · CEO: +18.52018 Q2 · CEO: +14.02018 Q3 · CEO: +8.12018 Q4 · CEO: +15.82019 Q1 · CEO: +13.02019 Q2 · CEO: +8.12019 Q3 · CEO: +10.42019 Q4 · CEO: +14.22020 Q1 · CEO: +1.32020 Q2 · CEO: +3.52020 Q3 · CEO: +8.52020 Q4 · CEO: +16.92021 Q1 · CEO: +18.22021 Q2 · CEO: +9.12021 Q3 · CEO: +14.32021 Q4 · CEO: +14.72022 Q1 · CEO: +7.82022 Q2 · CEO: +11.62022 Q3 · CEO: +5.32022 Q4 · CEO: +9.92023 Q1 · CEO: +5.92023 Q2 · CEO: +11.72023 Q3 · CEO: +13.12023 Q4 · CEO: +9.42024 Q2 · CEO: +9.22024 Q3 · CEO: +7.02024 Q4 · CEO: +14.42025 Q1 · CEO: +4.02007 Q3 · CFO: +22.32007 Q4 · CFO: +17.02008 Q1 · CFO: +9.32008 Q2 · CFO: +0.02008 Q3 · CFO: -8.12008 Q4 · CFO: -9.92009 Q1 · CFO: +0.02009 Q2 · CFO: -10.52009 Q3 · CFO: -1.72009 Q4 · CFO: -10.52010 Q1 · CFO: -6.82010 Q2 · CFO: +3.62010 Q3 · CFO: +6.02010 Q4 · CFO: +20.92011 Q1 · CFO: -1.32011 Q2 · CFO: +7.72011 Q3 · CFO: +15.52011 Q4 · CFO: +12.02012 Q1 · CFO: +21.62012 Q2 · CFO: +22.72012 Q3 · CFO: +13.22012 Q4 · CFO: +4.82013 Q1 · CFO: +17.12013 Q2 · CFO: +9.62013 Q3 · CFO: +16.72013 Q4 · CFO: +17.12014 Q1 · CFO: +17.22014 Q2 · CFO: +16.02014 Q3 · CFO: +21.42014 Q4 · CFO: +3.02015 Q1 · CFO: +16.72015 Q2 · CFO: +6.92015 Q3 · CFO: +3.82015 Q4 · CFO: +6.72016 Q1 · CFO: +7.92016 Q2 · CFO: +5.42016 Q3 · CFO: -1.92016 Q4 · CFO: +12.02017 Q1 · CFO: +13.82017 Q2 · CFO: +17.02017 Q3 · CFO: +15.12017 Q4 · CFO: +10.12018 Q1 · CFO: +16.32018 Q2 · CFO: +20.92018 Q3 · CFO: +10.42018 Q4 · CFO: +16.52019 Q1 · CFO: +13.32019 Q2 · CFO: +1.82019 Q3 · CFO: +6.92020 Q3 · CFO: +0.82020 Q4 · CFO: +1.82021 Q1 · CFO: +23.52021 Q2 · CFO: +0.02021 Q3 · CFO: +11.72021 Q4 · CFO: +10.02022 Q1 · CFO: +11.62022 Q2 · CFO: +16.02022 Q3 · CFO: +19.42022 Q4 · CFO: -0.72023 Q1 · CFO: +10.92023 Q2 · CFO: +3.42023 Q3 · CFO: -0.72023 Q4 · CFO: +2.62024 Q2 · CFO: +3.32024 Q3 · CFO: +4.82024 Q4 · CFO: +0.42025 Q1 · CFO: +4.7
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-28-14+0+14+282007 Q32009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22007 Q3 · Prepared remarks: +20.92007 Q4 · Prepared remarks: +15.12008 Q1 · Prepared remarks: +10.02008 Q2 · Prepared remarks: -6.32008 Q3 · Prepared remarks: -17.22008 Q4 · Prepared remarks: -9.12009 Q1 · Prepared remarks: -6.32009 Q2 · Prepared remarks: -9.42009 Q3 · Prepared remarks: +1.12009 Q4 · Prepared remarks: -2.12010 Q1 · Prepared remarks: +2.72010 Q2 · Prepared remarks: +12.32010 Q3 · Prepared remarks: +14.72010 Q4 · Prepared remarks: +19.82011 Q1 · Prepared remarks: +7.22011 Q2 · Prepared remarks: +11.52011 Q3 · Prepared remarks: +12.72011 Q4 · Prepared remarks: +10.42012 Q1 · Prepared remarks: +21.02012 Q2 · Prepared remarks: +16.02012 Q3 · Prepared remarks: +18.02012 Q4 · Prepared remarks: +7.02013 Q1 · Prepared remarks: +16.62013 Q2 · Prepared remarks: +8.72013 Q3 · Prepared remarks: +20.02013 Q4 · Prepared remarks: +14.22014 Q1 · Prepared remarks: +24.32014 Q2 · Prepared remarks: +19.92014 Q3 · Prepared remarks: +20.92014 Q4 · Prepared remarks: +8.92015 Q1 · Prepared remarks: +16.72015 Q2 · Prepared remarks: +11.82015 Q3 · Prepared remarks: +2.92015 Q4 · Prepared remarks: +10.42016 Q1 · Prepared remarks: +13.42016 Q2 · Prepared remarks: +10.62016 Q3 · Prepared remarks: +7.12016 Q4 · Prepared remarks: +12.42017 Q1 · Prepared remarks: +19.02017 Q2 · Prepared remarks: +16.82017 Q3 · Prepared remarks: +12.72017 Q4 · Prepared remarks: +16.12018 Q1 · Prepared remarks: +18.92018 Q2 · Prepared remarks: +18.82018 Q3 · Prepared remarks: +13.42018 Q4 · Prepared remarks: +19.42019 Q1 · Prepared remarks: +14.12019 Q2 · Prepared remarks: +4.32019 Q3 · Prepared remarks: +10.22019 Q4 · Prepared remarks: +19.02020 Q1 · Prepared remarks: -1.52020 Q2 · Prepared remarks: +0.52020 Q3 · Prepared remarks: +5.02020 Q4 · Prepared remarks: +13.92021 Q1 · Prepared remarks: +24.32021 Q2 · Prepared remarks: +10.12021 Q3 · Prepared remarks: +17.52021 Q4 · Prepared remarks: +18.42022 Q1 · Prepared remarks: +13.12022 Q2 · Prepared remarks: +14.02022 Q3 · Prepared remarks: +10.92022 Q4 · Prepared remarks: +5.22023 Q1 · Prepared remarks: +11.82023 Q2 · Prepared remarks: +9.82023 Q3 · Prepared remarks: +8.92023 Q4 · Prepared remarks: +10.62024 Q1 · Prepared remarks: +0.02024 Q2 · Prepared remarks: +5.32024 Q3 · Prepared remarks: +0.72024 Q4 · Prepared remarks: +11.12025 Q1 · Prepared remarks: +5.72007 Q3 · Q&A responses: +10.62007 Q4 · Q&A responses: +1.32008 Q1 · Q&A responses: -0.52008 Q2 · Q&A responses: -0.52008 Q3 · Q&A responses: -4.52008 Q4 · Q&A responses: +2.62009 Q2 · Q&A responses: -0.92009 Q3 · Q&A responses: +0.02009 Q4 · Q&A responses: +1.62010 Q1 · Q&A responses: +2.72010 Q2 · Q&A responses: +4.52010 Q3 · Q&A responses: +9.02010 Q4 · Q&A responses: +6.82011 Q1 · Q&A responses: -2.72011 Q2 · Q&A responses: +9.32011 Q3 · Q&A responses: +1.12011 Q4 · Q&A responses: -8.02012 Q1 · Q&A responses: +8.12012 Q2 · Q&A responses: +3.62012 Q3 · Q&A responses: +14.12012 Q4 · Q&A responses: +7.82013 Q1 · Q&A responses: +8.72013 Q3 · Q&A responses: +10.72014 Q1 · Q&A responses: +8.92014 Q2 · Q&A responses: +10.82014 Q3 · Q&A responses: +8.92014 Q4 · Q&A responses: +11.92015 Q1 · Q&A responses: +11.42015 Q2 · Q&A responses: +3.82015 Q3 · Q&A responses: +9.62015 Q4 · Q&A responses: +6.42016 Q1 · Q&A responses: +6.02016 Q2 · Q&A responses: +4.82016 Q4 · Q&A responses: +15.32017 Q1 · Q&A responses: +15.52017 Q2 · Q&A responses: +13.52017 Q4 · Q&A responses: +15.92018 Q1 · Q&A responses: +16.12018 Q2 · Q&A responses: +12.12018 Q3 · Q&A responses: +1.82018 Q4 · Q&A responses: +9.32019 Q1 · Q&A responses: +10.22019 Q2 · Q&A responses: +5.52019 Q3 · Q&A responses: +7.02019 Q4 · Q&A responses: +3.32020 Q1 · Q&A responses: +2.22020 Q2 · Q&A responses: +5.72020 Q3 · Q&A responses: +7.12020 Q4 · Q&A responses: +11.42021 Q1 · Q&A responses: +13.22021 Q2 · Q&A responses: +0.02021 Q3 · Q&A responses: +12.62021 Q4 · Q&A responses: +8.32022 Q1 · Q&A responses: +3.62022 Q2 · Q&A responses: +12.32022 Q3 · Q&A responses: +7.32022 Q4 · Q&A responses: +4.62023 Q1 · Q&A responses: +5.22023 Q2 · Q&A responses: +6.72023 Q3 · Q&A responses: +6.12023 Q4 · Q&A responses: +3.82024 Q1 · Q&A responses: -12.82024 Q2 · Q&A responses: +6.12024 Q3 · Q&A responses: +9.82024 Q4 · Q&A responses: +6.42025 Q1 · Q&A responses: +2.9
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$-0.98$0.16$1.292007 Q32009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22014 Q1: $0.622014 Q2: $0.682014 Q3: $0.702014 Q4: $0.732015 Q1: $0.672015 Q2: $0.722015 Q3: $0.742015 Q4: $0.752016 Q1: $0.782016 Q2: $0.842016 Q3: $0.782016 Q4: $0.682017 Q1: $0.682017 Q2: $0.732017 Q3: $0.692017 Q4: $0.672018 Q1: $0.742018 Q2: $0.812018 Q3: $0.812018 Q4: $0.792019 Q1: $0.822019 Q2: $0.862019 Q3: $0.882019 Q4: $0.772020 Q1: $0.682020 Q2: $-0.602020 Q3: $-0.712020 Q4: $-0.742021 Q1: $-0.822021 Q2: $-0.302021 Q3: $0.172021 Q4: $0.262022 Q1: $0.462022 Q2: $0.812022 Q3: $0.942022 Q4: $0.932023 Q1: $0.832023 Q2: $0.992023 Q3: $0.922023 Q4: $0.922024 Q1: $0.992024 Q2: $1.142024 Q3: $0.97

Forward P/E

5.2367.27129.312007 Q32009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22014 Q1: 32.452014 Q2: 32.662014 Q3: 31.302014 Q4: 32.682015 Q1: 32.152015 Q2: 27.932015 Q3: 23.372015 Q4: 21.362016 Q1: 21.612016 Q2: 18.912016 Q3: 20.882016 Q4: 27.752017 Q1: 27.172017 Q2: 25.442017 Q3: 26.722017 Q4: 29.632018 Q1: 25.652018 Q2: 26.022018 Q3: 25.942018 Q4: 21.802019 Q1: 23.242019 Q2: 21.352019 Q3: 19.662019 Q4: 24.042020 Q1: 13.792020 Q2: 120.752021 Q3: 94.512021 Q4: 60.812022 Q1: 40.782022 Q2: 21.612022 Q3: 19.442022 Q4: 18.902023 Q1: 18.932023 Q2: 17.642023 Q3: 17.502023 Q4: 20.412024 Q1: 21.072024 Q2: 15.812024 Q3: 18.48

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2014 Q4 tone ↓ -2.3 fwd EPS ↑ +0.03 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q2 tone ↓ -5.9 fwd EPS ↑ +0.05 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q2 tone ↓ -3.6 fwd EPS ↑ +0.06 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q3 tone ↑ +3.1 fwd EPS ↓ -0.07 Tone rose while the forward EPS estimate was cut.
  • 2016 Q4 tone ↑ +5.3 fwd EPS ↓ -0.09 Tone rose while the forward EPS estimate was cut.
  • 2018 Q2 tone ↓ -4.0 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q4 tone ↑ +7.5 fwd EPS ↓ -0.02 Tone rose while the forward EPS estimate was cut.
  • 2019 Q1 tone ↓ -2.5 fwd EPS ↑ +0.03 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q2 tone ↓ -6.7 fwd EPS ↑ +0.04 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↑ +2.5 fwd EPS ↓ -1.28 Tone rose while the forward EPS estimate was cut.
  • 2020 Q3 tone ↑ +3.5 fwd EPS ↓ -0.11 Tone rose while the forward EPS estimate was cut.
  • 2020 Q4 tone ↑ +6.7 fwd EPS ↓ -0.03 Tone rose while the forward EPS estimate was cut.
  • 2021 Q1 tone ↑ +6.4 fwd EPS ↓ -0.08 Tone rose while the forward EPS estimate was cut.
  • 2021 Q2 tone ↓ -10.3 fwd EPS ↑ +0.52 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q4 tone ↓ -2.0 fwd EPS ↑ +0.09 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↓ -3.8 fwd EPS ↑ +0.20 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q3 tone ↓ -2.1 fwd EPS ↑ +0.13 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q1 tone ↑ +4.5 fwd EPS ↓ -0.10 Tone rose while the forward EPS estimate was cut.
  • 2024 Q1 tone ↓ -19.7 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q3 tone ↑ +2.8 fwd EPS ↓ -0.17 Tone rose while the forward EPS estimate was cut.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-05-01+2.0——View →
2024 Q42025-02-20+8.6——View →
2024 Q32024-11-07+4.4$0.9718.5View →
2024 Q22024-08-01+1.6$1.1415.8View →
2024 Q12024-05-02-14.8$0.9921.1View →
2023 Q42024-02-22+5.0$0.9220.4View →
2023 Q32023-11-02+4.4$0.9217.5View →
2023 Q22023-08-03+5.1$0.9917.6View →