Starwood Hotels (NYSE:HOT) is expected to report Q2 earnings before the market open on Thursday, July 26 with a conference call scheduled for 10:30 am ET.
Analysts are looking for EPS of 61c on revenue of $1.56B. The consensus range is 58c-67c for EPS, and $1.45B-$1.77B for revenue, according to First Call. After reporting better-than-expected Q1 EPS and revenue, the company provided a Q2 EPS outlook of 58c-62c and FY12 EPS outlook of $2.35-$2.46, consensus $2.43. The company forecast Q2 RevPAR up 100bps and said 2012 was on track to surprise to the up side. During the quarter, Starwood Hotels said it would double its footprint in China, and said it planned to open 40 new hotels in the Middle East and North Africa over the next five years. Analysts and investors will listen for comments on global growth, as the company said in April that it saw sustained RevPAR growth ahead and a "robust" appetite for travel by corporate clients and leisure guests.
Shares of the stock were recently upgraded to Buy from Neutral at MKM Partners and downgraded to Hold from Buy at Argus based on its international exposure. In the year-ago quarter, Starwood Hotels reported EPS of 68c on revenue of $1.43B.