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

RLJ Lodging Trust

04/08/2023 01:20

* RLJ Lodging Trust  RLJ.N  reported quarterly adjusted
earnings
of 22 cents​​ per share for the quarter ended in June. The mean
expectation of five analysts for the quarter was for earnings of
20 cents per share.
    * Revenue rose 8% to $356.96 million from a year ago;
analysts
expected $355.62 million. 
    * RLJ Lodging Trust's reported EPS for the quarter was 22
cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.3%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates 
    * RLJ Lodging Trust shares had fallen by 2.2% this
quarter and
lost 5.2% so far this year.
    * The company reported quarterly net income of $35.12
million.
    * Wall Street's median 12-month price target for RLJ Lodging
Trust
is $14.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 4 at 12:20 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.53           0.56           Beat
 Mar. 31 2023      0.32           0.35           Beat
 Dec. 31 2022      0.32           0.33           Beat
 Sep. 30 2022      0.38           0.40           Beat