Apple Hospitality REIT Inc reports results for the quarter ended in September 30 - Earnings Summary

Apple Hospitality REIT

05/11/2024 07:49

* Apple Hospitality REIT Inc  APLE.N  reported quarterly
adjusted
earnings of 23 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 26 cents.  The mean expectation of five analysts
for the quarter was for earnings of 25 cents per share. Wall
Street expected results to range from 24 cents to 26 cents per
share.
    * Revenue rose 5.7% to $378.84 million from a year ago;
analysts
expected $380.15 million. 
    * Apple Hospitality REIT Inc's reported EPS for the quarter
was 23
cents​.
    * The company reported quarterly net income of $56.27
million.
    * Apple Hospitality REIT Inc shares had fallen by 0.8% this
quarter and lost 11.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 November 5 at
07:49 a.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
 Sep. 30 2024      0.45           0.45           Met
 Jun. 30 2024      0.50           0.50           Met
 Mar. 31 2024      0.34           0.34           Met
 Dec. 31 2023      0.31           0.31           Met