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

RLJ Lodging Trust

02/05/2024 11:54

* RLJ Lodging Trust  RLJ.N  reported a quarterly adjusted
loss of
1 cent​​ per share for the quarter ended in March, lower than
the same quarter last year, when the company reported EPS of 3
cents.  The mean expectation of six analysts for the quarter was
for a loss of one cent per share. Wall Street expected
results to range from -6 cents to 4 cents per share.
    * Revenue rose 3.2% to $324.41 million from a year ago;
analysts
expected $322.76 million. 
    * RLJ Lodging Trust's reported EPS for the quarter was a
loss of 1
cent​.
    * The company reported a quarterly loss of $1.34 million.
    * RLJ Lodging Trust shares had fallen by 7.3% this
quarter and
lost 6.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.9%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
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 May 2 at 10:54
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
 Mar. 31 2024      0.34           0.33           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