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

Hersha Hospitality Trust

26/10/2022 23:29

* Hersha Hospitality Trust  HT.N  reported a quarterly
adjusted
loss of 60 cents​​ per share for the quarter ended in September.
The mean expectation of three analysts for the quarter was for a
loss of 17 cents per share.
    * Revenue rose 22.3% to $104.25 million from a year ago;
analysts
expected $104.67 million. 
    * Hersha Hospitality Trust's reported EPS for the quarter
was
$2.82​.
    * The mean earnings estimate of analysts had fallen by
about 5.7%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * Hersha Hospitality Trust shares had risen by 6.8% this
quarter and lost 7.1% so far this year.
    * The company reported quarterly net income of $115.45
million.
    * Wall Street's median 12-month price target for Hersha
Hospitality Trust is $11.50 
    * 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 October
26 at 10:28 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.35           0.33           Missed
 Jun. 30 2022      0.47           0.56           Beat
 Mar. 31 2022      -0.03          0.06           Beat
 Dec. 31 2021      0.10           0.20           Beat