RLJ Lodging Trust expected to post earnings of 15 cents a share - Earnings Preview

RLJ Lodging Trust

31/07/2024 03:04

* RLJ Lodging Trust  RLJ.N   RLJ  is expected to show a rise
in
quarterly revenue when it reports  results on August 1 for the
period ending January 1 0001
    * The Bethesda Maryland-based  company is expected to report
a
2.4% increase in revenue to $365.646 million from $356.96
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
earnings of 15 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 3
"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 $9.63. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.34        0.34       0.33      Missed  -2.1
 Dec. 31 0001  0.33        0.33       0.34      Beat    
 Jan. 1 0001   0.39        0.40       0.40      Met     1.1​
 Jun. 30 2023              0.53       0.56      Beat    5.1
 ​​Mar.                    0.32       0.35      Beat    8.9
 31 2023                                                
 Dec. 31 2022              0.32       0.33      Beat    2.7​
 Jun. 30 2022              0.38       0.40      Beat    4.3
 Jun. 30 2022  0.44        0.43       0.49      Beat    13
 This summary was machine generated July 31 at 02:04 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)