Apple Hospitality REIT Inc reports results for the quarter ended in January - Earnings Summary

Apple Hospitality REIT

05/08/2024 23:36

* Apple Hospitality REIT Inc  APLE.N  reported quarterly
adjusted
earnings of 31 cents​​ per share for the quarter ended in
January, higher than the same quarter last year, when the
company reported EPS of 29 cents.  The mean expectation of
five analysts for the quarter was for earnings of 30 cents per
share. Wall Street expected results to range from 29 cents to 31
cents per share.
    * Revenue rose 7.9% to $390.08 million from a year ago;
analysts
expected $387.51 million. 
    * Apple Hospitality REIT Inc's reported EPS for the quarter
was 31
cents​.
    * The company reported quarterly net income of $73.93
million.
    * Apple Hospitality REIT Inc shares had fallen by 0.4% this
quarter and lost 12.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the specialized
reits
peer group is also "buy"

Wall Street's median 12-month price target for Apple Hospitality
REIT Inc is $17.00 
This summary was machine generated from LSEG data August 5 at
10:36 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.50           0.50           Met
 Mar. 31 2024      0.34           0.34           Met
 Dec. 31 2023      0.31           0.31           Met
 Sep. 30 2023      0.45           0.45           Met