Hersha Hospitality Trust expected to post a loss of 39 cents a share - Earnings Preview

Hersha Hospitality Trust

25/04/2023 03:03

* Hersha Hospitality Trust  HT.N   HT  is expected to show a
fall
in quarterly revenue when it reports  results on April 26. 
    * The Harrisburg Pennsylvania-based  company is expected to
report
 a 6.6% decrease in revenue to $76.441 million from $81.87
million a year ago, according to the mean estimate from 8
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Hersha Hospitality
Trust
is for a loss of 39 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 6
"hold" and 2 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 3.0%
in the last three months. ​
    * Wall Street's median 12-month price target for Hersha
Hospitality Trust is $9.5​, above​ its last closing price
of $6.40. ​​​

The company's guidance on February 15 2023 for the period ended
March 31 was for Funds Flow from Operations between USD0.04 and
USD0.08.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.35        0.36       0.34      Missed  -4.4
 Sep. 30 2022  0.35        0.36       0.33      Missed  -8.9
 Jun. 30 2022  0.46        0.47       0.56      Beat    19.9​
 Mar. 31 2022  -0.03       -0.03      0.06      Beat    314.3
 ​​Dec.        0.11        0.10       0.20      Beat    95.5
 31 2021                                                
 Sep. 30 2021  0.05        0.03       0.11      Beat    233.3​
 Jun. 30 2021  -0.20       -0.20      -0.04     Beat    79.8
 Mar. 31 2021  -0.46       -0.47      -0.36     Beat    23.9
 This summary was machine generated April 25 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated