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Howard Hughes Holdings (HHH)
NYSE:HHH
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$3.69Last Year’s EPS
$0.66Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: 0.86%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong quarter with record-breaking results in several segments, including master planned communities and operating assets. The company successfully increased guidance for the year and demonstrated resilience in the real estate market. However, there were challenges related to inventory shortages, which led to a decline in new home sales.Company Guidance
During the Howard Hughes Holdings Third Quarter 2024 Earnings Call, the company reported several positive metrics and provided updated guidance. The Master Planned Communities (MPCs) segment saw record earnings before taxes (EBT) of $145 million, driven by the sale of 191 acres of residential land at an average price of $1 million per acre. This included significant land sales in Summerlin and Houston, contributing to a 163% year-over-year increase in land sale revenues. The operating assets delivered 8% year-over-year net operating income (NOI) growth, with the office and multifamily sectors showing notable improvements. For the full year, the company raised its guidance, anticipating record residential land sales and increased operating asset NOI. Additionally, Howard Hughes expects to generate $760 million in revenue from the completion of Victoria Place in Hawaii, with 27% to 28% gross margins. The balance sheet remains strong, bolstered by $401 million in cash and recent debt refinancing efforts.Record MPC EBT and Land Sales
Reported record MPC EBT of $145 million in Q3, including the sale of 191 acres of residential land at an average price of $1 million per acre, marking a 163% increase in land sale revenues year-over-year.
Strong Operating Asset Performance
Operating assets delivered $65 million of net operating income, representing an 8% year-over-year improvement, with significant contributions from office and multifamily segments.
Victoria Place Completion
Completed Victoria Place in Hawaii, expecting to generate $760 million of revenue with 27% to 28% gross margins in the fourth quarter.
Full-Year Guidance Raised
Raised full-year guidance across each segment, highlighting expectations for record residential land sales achieved at record price per acre.
Successful Bond Transaction
Closed on the sale of $193 million of existing lot receivables, resulting in cash proceeds of $152 million, significantly paying down Bridgeland debt.
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HHH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HHH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $75.93 | $80.95 | +6.61% |
| Jul 26, 2024 | $67.14 | $70.85 | +5.53% |
| May 08, 2024 | $63.72 | $64.18 | +0.72% |
| Feb 27, 2024 | $72.97 | $72.79 | -0.25% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Howard Hughes Holdings (HHH) report earnings?
Howard Hughes Holdings (HHH) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Howard Hughes Holdings (HHH) earnings time?
Howard Hughes Holdings (HHH) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HHH EPS forecast?
HHH EPS forecast for the fiscal quarter 2024 (Q4) is $3.69.
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