Summit Hotel Properties Inc expected to post a loss of 8 cents a share - Earnings Preview

Summit Hotel Properties

29/04/2024 22:19

* Summit Hotel Properties Inc  INN.N   INN  is expected
to show a
rise in quarterly revenue when it reports  results on May 1 for
the period ending March 31 2024
    * The Austin Texas-based  company is expected to report a
1.4% increase in revenue to $184.847 million from $182.38
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Summit Hotel Properties
Inc is
for a loss of 8 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 $6.18. ​​​

This summary was machine generated April 29 at 21:19 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)