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

Hersha Hospitality Trust

03/08/2023 04:36

* Hersha Hospitality Trust  HT.N  reported quarterly
adjusted
earnings of 4 cents​​ per share for the quarter ended in June.
The mean expectation of three analysts for the quarter was
for earnings of one cent per share.
    * Revenue fell 20.7% to $97.81 million from a year ago;
analysts
expected $97.35 million. 
    * Hersha Hospitality Trust's reported EPS for the quarter
was 4
cents​.
    * The mean earnings estimate of analysts had fallen by
about 4.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Hersha Hospitality Trust shares had risen by 2.6% this
quarter and lost 26.6% so far this year.
    * The company reported quarterly net income of $1.72
million.
    * Wall Street's median 12-month price target for Hersha
Hospitality Trust is $8.00 
    * 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 LSEG Refinitiv data
August 3 at 03:34 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.41           0.35           Missed
 Mar. 31 2023      0.06           0.02           Missed
 Dec. 31 2022      0.36           0.34           Missed
 Sep. 30 2022      0.36           0.33           Missed