Hersha Hospitality Trust reports results for the quarter ended in December - Earnings Summary

Hersha Hospitality Trust

15/02/2023 23:33

* Hersha Hospitality Trust  HT.N  reported quarterly
adjusted
earnings of 62 cents​​ per share for the quarter ended in
December. The mean expectation of three analysts for the quarter
was for a loss of 8 cents per share.
    * Revenue rose 3.2% to $96.47 million from a year ago;
analysts
expected $96.00 million. 
    * Hersha Hospitality Trust's reported EPS for the quarter
was 62
cents​.
    * The mean earnings estimate of analysts had fallen by
about 2.7%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Hersha Hospitality Trust shares had risen by 9.2% this
quarter.
    * The company reported quarterly net income of $26.88
million.
    * Wall Street's median 12-month price target for Hersha
Hospitality Trust is $11.00 
    * 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." 

This summary was machine generated from Refinitiv data February
15 at 11:33 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.36           0.34           Missed
 Sep. 30 2022      0.36           0.33           Missed
 Jun. 30 2022      0.47           0.56           Beat
 Mar. 31 2022      -0.03          0.06           Beat