Apple Hospitality REIT Inc expected to post earnings of 30 cents a share - Earnings Preview

Apple Hospitality REIT

02/08/2024 21:27

* Apple Hospitality REIT Inc  APLE.N   APLE.K  is expected
to show
a rise in quarterly revenue when it reports  results on August 5
for the period ending June 30 2024
    * The Richmond Virginia-based  company is expected to report
a
7.2% increase in revenue to $387.507 million from $361.63
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 30 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 $14.61.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.34        0.34       0.34      Met     0.4
 Dec. 31 0001  0.30        0.31       0.31      Met     1.2
 Sep. 30 2023  0.45        0.45       0.45      Met     0​
 Jun. 30 2023  0.48        0.48       0.49      Beat    1.5
 ​​Mar.        0.33        0.33       0.34      Beat    1.7
 31 2023                                                
 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
 This summary was machine generated August 2 at 20:27 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)