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

RLJ Lodging Trust

04/05/2023 23:25

* RLJ Lodging Trust  RLJ.N  reported quarterly adjusted
earnings
of 3 cents​​ per share for the quarter ended in March. The mean
expectation of five analysts for the quarter was for a loss of
one cent per share.
    * Revenue rose 38.7% to $314.50 million from a year ago;
analysts
expected $306.00 million. 
    * RLJ Lodging Trust's reported EPS for the quarter was 3
cents​.
    * The mean earnings estimate of analysts had fallen by
about 13.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * RLJ Lodging Trust shares had fallen by 4.4% this
quarter and
lost 4.3% so far this year.
    * The company reported quarterly net income of $4.37
million.
    * Wall Street's median 12-month price target for RLJ Lodging
Trust
is $15.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
4 at 10:25 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.32           0.35           Beat
 Dec. 31 2022      0.32           0.33           Beat
 Sep. 30 2022      0.38           0.40           Beat
 Jun. 30 2022      0.43           0.49           Beat