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

Apple Hospitality REIT

02/05/2023 23:36

* Apple Hospitality REIT Inc  APLE.N  reported quarterly
adjusted
earnings of 14 cents​​ per share for the quarter ended in March.
The mean expectation of three analysts for the quarter was
for earnings of 12 cents per share.
    * Revenue rose 19.6% to $311.45 million from a year ago;
analysts
expected $296.81 million. 
    * Apple Hospitality REIT Inc's reported EPS for the quarter
was 14
cents​.
    * The mean earnings estimate of analysts had fallen by
about 4.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Apple Hospitality REIT Inc shares had fallen by 4.2% this
quarter and lost 5.8% so far this year.
    * The company reported quarterly net income of $32.92
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 May
2 at 10:36 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.33           0.34           Beat
 Dec. 31 2022      0.33           0.33           Met
 Sep. 30 2022      0.44           0.45           Beat
 Jun. 30 2022      0.46           0.48           Beat