Service Properties Trust expected to post a loss of 22 cents a share - Earnings Preview

Service Properties Trust

27/02/2024 24:50

* Service Properties Trust  SVC.OQ   SVC.O  is expected
to show a
fall in quarterly revenue when it reports  results on February
28 for the period ending December 31 2023
    * The Newton Massachusetts-based  company is expected to
report a
6.2% decrease in revenue to $427.107 million from $455.22
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data. (SAL is on Total Revenue basis)
    * ​LSEG's mean analyst estimate for Service Properties Trust
is
for a loss of 22 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Service
Properties Trust is $8.00​, above​ its last closing price
of $7.42. ​​​

The company's guidance on November 7 2023 for the period ended
December 31 was for Capital Expenditures between USD65 million
and USD75 million.
This summary was machine generated February 27 at 00:50 GMT. 
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)