News · Howard Hughes Holdings Inc. (HHH) · Real Estate

Howard Hughes falls 1.9% in an ordinary session ahead of scheduled earnings

Session of October 12, 2026 · Published October 13, 2026 · 4 min read

What happened

Howard Hughes (HHH) fell 1.9% to $72.34 on October 12, 2026, in an ordinary session as investors noted the company’s announcement of its next quarterly report and recent financial trends. GlobeNewsWire reported that Howard Hughes scheduled its 2026 third quarter earnings release for Thursday, November 5, 2026, after market close, and set a conference call for Friday, November 6, 2026, at 10:00 AM Eastern Time. The decline came while the S&P 500 fell 0.1% and the Real Estate sector median rose 0.3% on the day.

Closing price over the last 30 trading sessions. On October 12, 2026, HHH closed at $72.34, down 1.9% on the day and 12.8% higher than 30 sessions earlier.

How big was the move

The session was an ordinary one for the stock, with trading volume at 0.5 times its 20-day average and the stock opening 1.4% below the previous close. The move measured 0.8 times a typical daily move for this stock and its beta of 0.88 shows the stock tends to move less than the market. Over the last five sessions the stock rose 0.9%, lagging the S&P 500, which rose 0.4% over the same period; performance was 2.2 percentage points worse than the sector median on the day.

Each bar is one day's price change; the outlined bar is October 12, 2026. A typical daily move over the past year was 2.1%, so the latest move equals 0.9 times that. Moves outside the dashed lines (about 4.1%) are unusual.

The technical picture

The stock traded above its key moving averages, sitting 5.2% above its 20-day moving average, 8.5% above its 50-day moving average and 4.3% above its 200-day moving average. The 50-day average is below the 200-day average, a sign of a weak longer-term trend, even as the stock has spent 11 consecutive trading days above the 200-day average. The Relative Strength Index (14 days) read 59, a neutral range, and shares were 20.6% below the 52-week high. Price momentum showed mixed timeframes: the stock rose 17.5% over one month, rose 0.4% over three months, but fell 11.4% over one year, leaving it 27.3 percentage points behind the S&P 500 over that year. Volatility was 37% annualized over 60 days, higher than 86% of its own readings over five years.

Closing price over the past year. HHH ends the period 19.5% below its 52-week high, above its 50-day average ($66.68) and above its 200-day average ($69.35).

Fundamentals and valuation

For the four quarters through June 30, 2026, the company reported revenue of $2.37 billion, up 34.0% from a year earlier, and diluted earnings per share of $4.94, up 7.6% year over year. Gross margin narrowed to 17.4% from 43.2% a year earlier, while operating margin fell to 18.0% from 32.4%. Free-cash-flow margin registered 32.6% and return on invested capital stood at 2.3%. The balance sheet showed net debt of 3.7 times EBITDA, and share count over one year increased by 6.9%.

Quarterly revenue by period end. The latest quarter brought $1.1B, 330.2% more than the same quarter a year earlier.

On valuation the stock traded at 14.6 times trailing earnings and 20.9 times expected forward earnings, with a free-cash-flow yield of 17.6%. That price-to-trailing-earnings reading was lower than 81% of its own readings over the past five years, whose five-year median is 24.2 times earnings, suggesting the market values the company more cheaply than in most of its recent history. Market value was $4.40 billion.

Earnings and analyst expectations

Howard Hughes last reported on August 5, 2026, posting earnings per share of $2.68 against $0.99 expected, 170.2% above estimates. The company has beaten estimates in two consecutive quarters and the average surprise over the last four reports was 53.9% above estimates. Typical two-day reactions after recent reports saw the stock rose 1.0%. One data field lists the next report as November 9, 2026, but GlobeNewsWire reported a November 5, 2026, after-market release with a conference call on November 6, 2026; investors will watch for whether the company confirms the GlobeNewsWire schedule and for detail on quarter-to-quarter revenue and margin drivers.

Diluted earnings per share by quarter. The latest quarter shows $2.68, against -$0.22 in the same quarter a year earlier.

Analysts covering the stock have a consensus price target of $87.50, which is 21.0% above the closing price, based on five analysts. Eighty percent of those ratings are Buy and the consensus rating is Buy. PromtFinance scores rank the company highly for Value at 98 (Exceptional) and Revisions at 93 (Exceptional), with Growth 83 (Strong) and Stability 41 (Weak), which underscores a mix of attractive valuation and some operating or balance-sheet concerns.

What to watch

November 5, 2026: GlobeNewsWire reported Howard Hughes scheduled its 2026 third quarter earnings release for Thursday, November 5, 2026, after market close.
November 6, 2026, at 10:00 AM Eastern Time: GlobeNewsWire reported a conference call set for that date and time.
August 5, 2026: last reported EPS of $2.68 against $0.99 expected, 170.2% above estimates; the company has beaten estimates in two consecutive quarters.
Valuation reads 14.6 times trailing earnings and 20.9 times expected earnings, with a free-cash-flow yield of 17.6%.
Balance sheet metric: net debt of 3.7 times EBITDA.

Full HHH analysis: scores, chart and financials →