Summit Hotel Properties Inc expected to post a loss of 7 cents a share - Earnings Preview

Summit Hotel Properties

02/05/2023 03:06

* Summit Hotel Properties Inc  INN.N   INN  is expected
to show a
rise in quarterly revenue when it reports  results on May 3. 
    * The Austin Texas-based  company is expected to report  a
26.6% increase in revenue to $179.57 million from $141.87
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Summit Hotel
Properties
Inc is for a loss of 7 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 had fallen by
about 0.8%
in the last three months. ​
    * Wall Street's median 12-month price target for Summit
Hotel
Properties Inc is $8.25​, above​ its last closing price
of $6.61. ​​​

This summary was machine generated May 2 at 02:06 GMT.  All
figures in US dollars  unless otherwise stated