Summit Hotel Properties Inc expected to post earnings of 15 cents a share - Earnings Preview

Summit Hotel Properties

02/11/2021 02:02

* Summit Hotel Properties Inc  INN.N   INN  is expected to show
a rise in quarterly revenue when it reports  results on November
3. 
* The Austin, Texas-based company is expected to report  a
98.5% increase in revenue to $104.011 million from $52.41
million a year ago, according to the mean estimate from 6
analysts, based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for Summit Hotel Properties
Inc is for a loss of 13 cents per share. For the same quarter
last year, the company reported a loss of 37 cents per share.
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"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 $11.5​, about 9.7% above​ its last closing
price of $10.38. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Jun. 302021   0.04        0.04       0.08      Beat    128.6
 Mar. 312021   -0.11       -0.10      -0.07     Beat    31.2
 Dec. 312020   -0.11       -0.11      -0.17     Missed  -47.8​
 Sep. 302020   -0.12       -0.12      -0.10     Beat    20
 ​​Jun.        -0.21       -0.22      -0.25     Missed  -15.1
 302020                                                 
 Mar. 312020   0.16        0.16       0.13      Missed  -16.5​
 Dec. 312019   0.26        0.26       0.25      Missed  -4.7
 Sep. 302019   0.31        0.31       0.31      Met     0.7
 This summary was machine generated November 2 at 02:02 GMT.  All
figures in US dollars unless otherwise stated