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

Service Properties Trust

10/05/2023 04:30

* Service Properties Trust  SVC.OQ  reported quarterly
adjusted
earnings of 16 cents​​ per share for the quarter ended in March.
The lone analyst forecast for the quarter was for a loss of 29
cents per share.
    * Revenue rose 9% to $429.21 million from a year ago;
analysts
expected $412.41 million. 
    * Service Properties Trust's reported EPS for the quarter
was 16
cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.2%
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 10.4% this
quarter and gained 22.4% so far this year.
    * The company reported quarterly net income of $25.95
million.
    * Wall Street's median 12-month price target for Service
Properties Trust is $11.75 
    * 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 May
10 at 03:30 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.28           0.23           Missed
 Dec. 31 2022      0.36           0.58           Beat
 Sep. 30 2022      0.50           0.54           Beat
 Jun. 30 2022      0.37           0.54           Beat