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

Service Properties Trust

08/08/2023 24:32

* Service Properties Trust  SVC.OQ  reported a quarterly
adjusted
loss of 7 cents​​ per share for the quarter ended in June. The
lone analyst forecast for the quarter was for a loss of 2 cents
per share.
    * Revenue fell 2.3% to $503.78 million from a year ago;
analysts
expected $499.65 million. 
    * Service Properties Trust's reported EPS for the quarter
was a
loss of 7 cents​.
    * The mean earnings estimate of analysts had risen by
about 4.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Service Properties Trust shares had fallen by 5.5% this
quarter and gained 12.6% so far this year.
    * The company reported a quarterly loss of $11.28 million.
    * Wall Street's median 12-month price target for Service
Properties Trust is $10.75 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 7 at 11:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.58           0.58           Met
 Mar. 31 2023      0.28           0.23           Missed
 Dec. 31 2022      0.36           0.58           Beat
 Sep. 30 2022      0.50           0.54           Beat