Apple Hospitality REIT Inc expected to post earnings of 12  cents a share - Earnings Preview

Apple Hospitality REIT

29/04/2023 03:02

* Apple Hospitality REIT Inc  APLE.N   APLE.K  is expected
to show
a rise in quarterly revenue when it reports  results on May 2. 
    * The Richmond Virginia-based  company is expected to report
 a
13.9% increase in revenue to $296.812 million from $260.48
million a year ago, according to the mean estimate from 6
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Apple Hospitality
REIT
Inc is for earnings of 12 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 0.2%
in the last three months. ​
    * Wall Street's median 12-month price target for Apple
Hospitality
REIT Inc is $19​, above​ its last closing price of $14.89. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.33        0.33       0.33      Met     1.3
 Sep. 30 2022  0.45        0.44       0.45      Beat    1.7
 Jun. 30 2022  0.47        0.46       0.48      Beat    3.6​
 Mar. 31 2022  0.26        0.26       0.28      Beat    9.8
 ​​Dec.        0.26        0.26       0.26      Met     1.9
 31 2021                                                
 Sep. 30 2021  0.32        0.30       0.33      Beat    8.8​
 Jun. 30 2021  0.18        0.17       0.30      Beat    72
 Mar. 31 2021  0.03        0.03       0.04      Beat    45.5
 This summary was machine generated April 29 at 02:02 GMT.  All
figures in US dollars  unless otherwise stated