RLJ Lodging Trust reports results for the quarter ended in September 30 - Earnings Summary

RLJ Lodging Trust

07/11/2024 05:15

* RLJ Lodging Trust  RLJ.N  reported quarterly adjusted
earnings
of 9 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of 6 cents.  The mean expectation of six analysts
for the quarter was for breakeven results per share. Wall Street
expected results to range from -9 cents to 4 cents per share.
    * Revenue rose 3.4% to $345.74 million from a year ago;
analysts
expected $343.14 million. 
    * RLJ Lodging Trust's reported EPS for the quarter was 9
cents​.
    * The company reported quarterly net income of $14.32
million.
    * RLJ Lodging Trust shares had risen by 1.7% this
quarter and
lost 20.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10.5%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 4
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is also "hold"

Wall Street's median 12-month price target for RLJ Lodging Trust
is 11.00 
This summary was machine generated from LSEG data November 7 at
05:15 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
 Sep. 30 2024      0.35           0.40           Beat
 Jun. 30 2024      0.49           0.51           Beat
 Mar. 31 2024      0.34           0.33           Missed
 Dec. 31 2023      0.33           0.34           Beat