Summit Hotel Properties Inc expected to post a loss of 13 cents a share - Earnings Preview

Summit Hotel Properties

27/02/2024 01:00

* Summit Hotel Properties Inc  INN.N   INN  is expected
to show a
rise in quarterly revenue when it reports  results on February
28 for the period ending December 31 2023
    * The Austin Texas-based  company is expected to report a
2.4% increase in revenue to $176.538 million from $172.33
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data. (Majority is on Total Revenue
Basis)
    * ​LSEG's mean analyst estimate for Summit Hotel Properties
Inc is
for a loss of 13 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"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 $8.00​, above​ its last closing price
of $6.45. ​​​

This summary was machine generated February 27 at 01:00 GMT. 
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)