RLJ Lodging Trust expected to post a loss of 1 cent a share - Earnings Preview

RLJ Lodging Trust

29/04/2024 23:00

* RLJ Lodging Trust  RLJ.N   RLJ  is expected to show a rise
in
quarterly revenue when it reports  results on May 1 for the
period ending January 1 0001
    * The Bethesda Maryland-based  company is expected to report
a
2.6% increase in revenue to $322.757 million from $314.5 million
a year ago, according to the mean estimate from 9 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for RLJ Lodging Trust is for
a
loss of 1 cent per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for RLJ Lodging
Trust
is $14.00​, above​ its last closing price of $11.11. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.33        0.33       0.34      Beat    3
 Jan. 1 2023   0.39        0.40       0.40      Met     1.1
 Jun. 30 2023  0.53        0.53       0.56      Beat    5.1​
 Jan. 1 0001   0.33        0.32       0.35      Beat    8.9
 ​​Jan.        0.31        0.32       0.33      Beat    2.7
 1 0001                                                 
 Jan. 1 0001   0.38        0.38       0.40      Beat    4.3​
 Jan. 1 0001   0.44        0.43       0.49      Beat    13
 Mar. 31 2022  0.13        0.13       0.14      Beat    8.7
 This summary was machine generated April 29 at 22:00 GMT.  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)