Apple Hospitality REIT Inc expected to post earnings of 25 cents a share - Earnings Preview

Apple Hospitality REIT

02/11/2024 03:52

* Apple Hospitality REIT Inc  APLE.N   APLE.K  is expected
to show
a rise in quarterly revenue when it reports  results on November
4 for the period ending September 30 2024
    * The Richmond Virginia-based  company is expected to report
a
6.1% increase in revenue to $380.146 million from $358.26
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Apple Hospitality REIT
Inc is
for earnings of 25 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Apple
Hospitality
REIT Inc is $17.00​, above​ its last closing price of $14.68.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  0.50        0.50       0.50      Met     0.3
 Mar. 31 2024  0.34        0.34       0.34      Met     0.4
 Jan. 1 0001   0.30        0.31       0.31      Met     1.2​
 Sep. 30 2023  0.45        0.45       0.45      Met     0
 ​​Jun.        0.48        0.48       0.49      Beat    1.5
 30 2023                                                
 Mar. 31 2023  0.33        0.33       0.34      Beat    1.7​
 Dec. 31 2022  0.33        0.33       0.33      Met     1.3
 Sep. 30 2022  0.45        0.44       0.45      Beat    1.7
 This summary was machine generated November 2 at 03:51 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)