Summit Hotel Properties Inc expected to post a loss of 5 cents a share - Earnings Preview

Summit Hotel Properties

31/10/2023 02:05

* Summit Hotel Properties Inc  INN.N   INN  is expected
to show a
rise in quarterly revenue when it reports  results on November
1. 
    * The Austin Texas-based  company is expected to report  a
1.8% increase in revenue to $181.464 million from $178.25
million a year ago, according to the mean estimate from 5
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Summit Hotel
Properties
Inc is for a loss of 5 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"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​, above​ its last closing price of $5.56.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  0.24        0.25       0.27      Beat    8
 Mar. 31 2023  0.22        0.21       0.22      Beat    4.8
 Dec. 31 2022  0.23        0.21       0.25      Beat    19​
 Sep. 30 2022  0.24        0.25       0.25      Met     1.4
 ​​Jun.        0.29        0.29       0.27      Missed  -7.4
 30 2022                                                
 Mar. 31 2022  0.13        0.14       0.17      Beat    19.7​
 Dec. 31 2021  0.14        0.14       0.14      Met     1.2
 Sep. 30 2021  0.16        0.15       0.19      Beat    30.1
 This summary was machine generated October 31 at 02:04 GMT.  All
figures in US dollars  unless otherwise stated