Earnings Preview: Starwood sees Q4 EPS 64c-66c including Bal Harbour

Starwood Hotels & Resorts Worldwide (HOT) is scheduled to report Q4 before the market open on Thursday, February 7, with a conference call scheduled for 10:30 am ET. Starwood is a hotel and leisure company that conducts business both directly and through subsidiaries. Starwood's brand names include St. Regis, Luxury Collection, W and Westin... EXPECTATIONS: Analysts are looking for EPS of 65c on revenue of $1.49B, according to First Call. The consensus range for EPS is 61c-70c on revenue of $1.38B-$1.69B... LAST QUARTER: Starwood reported Q3 EPS of 58c against estimates for 53c on revenue of $1.46B against estimates for $1.48B. The company forecast Q4 EPS 64c-66c including Bal Harbour against estimates for 65c and guided adjusted EBITDA $285M-$290M and RevPAR at same-store company-operated hotels worldwide of 4%-6% in constant dollars. The company also forecast FY adjusted EPS $2.55-$2.57 against estimates for $2.56. Starwood also forecast FY adjusted EBITDA $1.055B-$1.06B and RevPAR increases at same-store company-operated hotels worldwide of 5%-6% in constant dollars. On its Q3 earnings conference call, Starwood said its board approved a 150% increase in its annual dividend to $1.25 and said it "always looks" at options for its vacation ownership business. Starwood also forecast Q4 North America RevPAR in the upper half of the 4%-6% range... STREET RESEARCH: MKM Partners recently said it expects Q4 results will be better than expected and sees more opportunities to return capital to shareholders this year. During the quarter, shares were upgraded to Buy from Neutral at Janney Capital on improving lodging fundamentals and potential asset sales. Shares were also downgraded at SunTrust and ISI Group during the quarter... PRICE ACTION: Over the last three months, Starwood shares are up over 17%. Year-to-date, shares are up almost 9%.