Service Properties Trust reports results for the quarter ended in December - Earnings Summary

Service Properties Trust

29/02/2024 01:56

* Service Properties Trust  SVC.OQ  reported a quarterly
adjusted
loss of 8 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of -19 cents.  The lone analyst forecast for the
quarter was for a loss of 22 cents per share. 
    * Revenue fell 2.5% to $444.05 million from a year ago;
analysts
expected $427.11 million. 
    * Service Properties Trust's reported EPS for the quarter
was a
loss of 8 cents​.
    * The company reported a quarterly loss of $28.65 million.
    * Service Properties Trust shares had fallen by 12.5% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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

Wall Street's median 12-month price target for Service
Properties Trust is $8.00 
This summary was machine generated from LSEG data February 29 at
01:56 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
 Dec. 31 2023      0.36           0.31           Missed
 Sep. 30 2023      0.54           0.56           Beat
 Jun. 30 2023      0.58           0.58           Met
 Mar. 31 2023      0.28           0.23           Missed