Summit Hotel Properties Inc expected to post breakeven results a share - Earnings Preview
Summit Hotel Properties Inc expected to post breakeven results a share - Earnings Preview
Summit Hotel Properties Inc INN.N, INN is expected to show a rise in quarterly revenue when it reports results on August 5 for the period ending June 30 2026
The Austin Texas-based company is expected to report a 2.8% increase in revenue to $198.409 million from $192.92 million a year ago, according to the mean estimate from 4 analysts, based on LSEG data.
LSEG's mean analyst estimate for Summit Hotel Properties Inc is for breakeven results 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 $6.25, about 9.2% below its last closing price of $6.88
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Mar. 31 2026 | 0.18 | 0.18 | 0.21 | Beat | 18.5 |
Dec. 31 2026 | 0.16 | 0.17 | 0.18 | Beat | 5.2 |
Sep. 30 2025 | 0.17 | 0.17 | 0.17 | Met | 0.6 |
Jun. 30 2025 | 0.27 | 0.26 | 0.27 | Beat | 2.3 |
Mar. 31 2025 | 0.20 | 0.21 | 0.22 | Beat | 6.8 |
Dec. 31 2024 | 0.20 | 0.20 | 0.20 | Met | 1 |
Sep. 30 2024 | 0.20 | 0.20 | 0.22 | Beat | 7.8 |
Jun. 30 2024 | 0.26 | 0.27 | 0.29 | Beat | 9 |
This summary was machine generated August 3 at 21:17 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)
Recent news on Summit Hotel Properties
See all newsSummit Hotel Properties Inc reports results for the quarter ended June 30 - Earnings Summary
Summit Hotel Q2 revenue edges past estimates on higher rates; forecast raised
Brief: Summit Hotel Properties Q2 Adjusted FFO Per Share USD 0.29
Summit Hotel Properties Inc expected to post breakeven results a share - Earnings Preview
Brief: Summit Hotel Properties Completes $650 Million Credit Facility Refinancing