Sotherly Hotels Inc expected to post earnings of 40centsa share - Earnings Preview

Sotherly Hotels

08/08/2023 15:10

* Sotherly Hotels Inc  SOHO.OQ   SOHO.O  is expected to show
a
rise in quarterly revenue when it reports  results on August
10. 
    * The Williamsburg Virginia-based  company is expected to
report 
a 6.0% increase in revenue to $50 million from $47.17 million a
year ago, according to the estimate from one analyst, based on
Refinitiv data. The company's guidance on May 11 2023, for the
period ended June 30, was for revenue between $48.88 million and
$51.31 million.
    * ​Refinitiv's mean analyst estimate for Sotherly Hotels Inc
is
for earnings of 40 cents per share. 
    * The one available analyst rating on the shares is
"hold".  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Sotherly
Hotels
Inc is $2​, below​ its last closing price of $2.19. ​​​

The company's guidance on May 11 2023 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between USD48.88 million and USD14.35
million.The company's guidance on May 11 2023 for the period
ended June 30 was for Funds Flow from Operations between USD0.38
and USD0.42.
This summary was machine generated August 8 at 14:10 GMT.  All
figures in US dollars  unless otherwise stated