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

Service Properties Trust

07/08/2024 07:19

* Service Properties Trust  SVC.OQ  reported a quarterly
adjusted
loss of 45 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of -7 cents.  The lone analyst forecast for the quarter was
for a loss of 9 cents per share. 
    * Revenue rose 1.8% to $512.95 million from a year ago;
analysts
expected $508.16 million. 
    * Service Properties Trust's reported EPS for the quarter
was a
loss of 45 cents​.
    * The company reported a quarterly loss of $73.85 million.
    * Service Properties Trust shares had risen by 0.8% this
quarter and lost 39.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.7%
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," 2
"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 $6.00 
This summary was machine generated from LSEG data August 7 at
06:19 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
 Jan. 1 0001       0.48           0.45           Missed
 Mar. 31 2024      0.19           0.13           Missed
 Dec. 31 2023      0.36           0.31           Missed
 Sep. 30 2023      0.54           0.56           Beat