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

Apple Hospitality REIT

04/08/2023 11:37

* Apple Hospitality REIT Inc  APLE.N  reported quarterly
adjusted
earnings of 29 cents​​ per share for the quarter ended in June.
The mean expectation of two analysts for the quarter was
for earnings of 22 cents per share.
    * Revenue rose 7.1% to $361.63 million from a year ago;
analysts
expected $351.38 million. 
    * Apple Hospitality REIT Inc's reported EPS for the quarter
was 29
cents​.
    * The mean earnings estimate of analysts had fallen by
about 2% in
the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Apple Hospitality REIT Inc shares had fallen by 2.6% this
quarter and lost 6.8% so far this year.
    * The company reported quarterly net income of $65.29
million.
    * Wall Street's median 12-month price target for Apple
Hospitality
REIT Inc is $19.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 4 at 10:36 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.48           0.49           Beat
 Mar. 31 2023      0.33           0.34           Beat
 Dec. 31 2022      0.33           0.33           Met
 Sep. 30 2022      0.44           0.45           Beat