RLJ Lodging Trust expected to post breakeven results a share - Earnings Preview

RLJ Lodging Trust

04/11/2024 23:05

* RLJ Lodging Trust  RLJ.N   RLJ  is expected to show a rise
in
quarterly revenue when it reports  results on November 6 for the
period ending September 30 2024
    * The Bethesda Maryland-based  company is expected to report
a
2.6% increase in revenue to $343.143 million from $334.41
million a year ago, according to the mean estimate from 9
analysts, based on LSEG data. (SAL represents Total Revenue)
    * ​LSEG's mean analyst estimate for RLJ Lodging Trust is for
breakeven results per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 4
"hold" and 2 "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 $11.00​, above​ its last closing price of $8.84. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  0.48        0.49       0.51      Beat    4.1
 Jan. 1 2024   0.34        0.34       0.33      Missed  -2.1
 Dec. 31 2023  0.33        0.33       0.34      Beat    3​
 Sep. 30 2023  0.39        0.40       0.40      Met     1.1
 ​​Jun.        0.53        0.53       0.56      Beat    5.1
 30 2023                                                
 Jan. 1 0001   0.33        0.32       0.35      Beat    8.9​
 Dec. 31 2022  0.31        0.32       0.33      Beat    2.7
 Sep. 30 2022  0.38        0.38       0.40      Beat    4.3
 This summary was machine generated November 4 at 23:05 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)