Summit Hotel Properties Inc expected to post a loss of 10  cents a share - Earnings Preview

Summit Hotel Properties

22/02/2022 03:03

* Summit Hotel Properties Inc  INN.N   INN  is expected
to show a
rise in quarterly revenue when it reports  results on February
23. 
    * The Austin Texas-based  company is expected to report  a
121.4% increase in revenue to $106.804 million from $48.23
million a year ago, according to the mean estimate from 6
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Summit Hotel
Properties
Inc is for a loss of 10 cents per share. For the same quarter
last year, the company reported a loss of 45 cents per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Summit
Hotel
Properties Inc is $12​, about 14.3% above​ its last closing
price of $10.28. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2021  0.16        0.15       0.19      Beat    30.1
 Jun. 30 2021  0.04        0.04       0.08      Beat    128.6
 Mar. 31 2021  -0.11       -0.10      -0.07     Beat    31.2​
 Dec. 31 2020  -0.11       -0.11      -0.17     Missed  -47.8
 ​​Sep.        -0.12       -0.12      -0.10     Beat    20
 30 2020                                                
 Jun. 30 2020  -0.21       -0.22      -0.25     Missed  -15.1​
 Mar. 31 2020  0.16        0.16       0.13      Missed  -16.5
 Dec. 31 2019  0.26        0.26       0.25      Missed  -4.7
 This summary was machine generated February 22 at 03:03 GMT. 
All figures in US dollars  unless otherwise stated