RLJ Lodging Trust reports results for the quarter ended in December - Earnings Summary

RLJ Lodging Trust

27/02/2024 01:37

* RLJ Lodging Trust  RLJ.N  reported quarterly adjusted
earnings
of 1 cent​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported
breakeven earnings per share.  The mean expectation of
six analysts for the quarter was for breakeven results per
share. Wall Street expected results to range from -2 cents to 1
cents per share.
    * Revenue rose 5.8% to $319.71 million from a year ago;
analysts
expected $314.28 million. 
    * RLJ Lodging Trust's reported EPS for the quarter was 1
cent​.
    * The company reported quarterly net income of $1.66
million.
    * RLJ Lodging Trust shares had risen by 1.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the specialized
reits
peer group is also "buy"

Wall Street's median 12-month price target for RLJ Lodging Trust
is $14.00 
This summary was machine generated from LSEG data February 27 at
01:36 a.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
 Dec. 31 2023      0.33           0.34           Beat
 Sep. 30 2023      0.40           0.40           Met
 Jun. 30 2023      0.53           0.56           Beat
 Mar. 31 2023      0.32           0.35           Beat