Summit Hotel Properties Inc expected to post a loss of 6 cents a share - Earnings Preview

Summit Hotel Properties

02/11/2024 04:05

* Summit Hotel Properties Inc  INN.N   INN  is expected
to show a
fall in quarterly revenue when it reports  results on November 4
for the period ending September 30 2024
    * The Austin Texas-based  company is expected to report a
0.3% decrease in revenue to $181.296 million from $181.82
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data. (SAL represents Total Revenue)
    * ​LSEG's mean analyst estimate for Summit Hotel Properties
Inc is
for a loss of 6 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 $7.50​, above​ its last closing price
of $6.11. ​​​

This summary was machine generated November 2 at 04:04 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)