LuxUrban Hotels Inc reports results for the quarter ended in March - Earnings Summary

Luxurban Hotels

14/05/2024 16:04

* LuxUrban Hotels Inc  LUXH.OQ  reported a quarterly
adjusted loss
of 5 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of 8 cents.  The mean expectation of five analysts for the
quarter was for earnings of 3 cents per share. 
    * Revenue rose 27.6% to $29.10 million from a year ago;
analysts
expected $27.68 million. 
    * LuxUrban Hotels Inc's reported EPS for the quarter was a
loss
of 35 cents​.
    * The company reported a quarterly loss of $16.79 million.
    * LuxUrban Hotels Inc shares had fallen by 60.6% this
quarter and
lost 90.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 84.2%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the real estate
rental,
development & operations peer group is  "hold."

Wall Street's median 12-month price target for LuxUrban Hotels
Inc is $6.00 
This summary was machine generated from LSEG data May 14 at
03:03 p.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
 Mar. 31 2024      0.03           -0.05          Missed
 Dec. 31 2023      0.09           -0.09          Missed
 Sep. 30 2023      0.12           0.12           Met
 Jun. 30 2023      0.05           0.21           Beat