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

RLJ Lodging Trust

02/11/2023 05:32

* RLJ Lodging Trust  RLJ.N  reported quarterly adjusted
earnings
of 6 cents​​ per share for the quarter ended in September, lower
than the same quarter last year, when the company reported EPS
of 7 cents.  The mean expectation of six analysts for the
quarter was for earnings of 4 cents per share. Wall Street
expected results to range from zero cents to 6 cents per share.
    * Revenue rose 5.2% to $334.41 million from a year ago;
analysts
expected $326.65 million. 
    * RLJ Lodging Trust's reported EPS for the quarter was 6
cents​.
    * The company reported quarterly net income of $10.15
million.
    * RLJ Lodging Trust shares had fallen by 4.5% this
quarter and
lost 11.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.3%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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." 
    * The average consensus recommendation for the specialized
reits
peer group is  "hold."

Wall Street's median 12-month price target for RLJ Lodging Trust
is $13.00 
This summary was machine generated from LSEG data November 2 at
05:32 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.40           0.40           Met
 Jun. 30 2023      0.53           0.56           Beat
 Mar. 31 2023      0.32           0.35           Beat
 Dec. 31 2022      0.32           0.33           Beat