Summit Hotel Properties Inc reports results for the quarter ended December 31 - Earnings Summary

Summit Hotel Properties

24/02/2025 23:33

* Summit Hotel Properties Inc  INN.N  reported quarterly
adjusted
earnings of 1 cent​​ per share for the quarter ended December
31, higher than the same quarter last year, when the company
reported EPS of -16 cents.  The mean expectation of two analysts
for the quarter was for a loss of 10 cents per share. Wall
Street expected results to range from -12 cents to -8 cents per
share.
    * Revenue fell 2.5% to $172.93 million from a year ago;
analysts
expected $172.08 million. 
    * Summit Hotel Properties Inc's reported EPS for the quarter
was 1
cent​.
    * The company reported quarterly net income of $680
thousand.
    * Summit Hotel Properties Inc shares had fallen by 7.7% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 average consensus recommendation for the specialized
reits
peer group is also "hold"

Wall Street's median 12-month price target for Summit Hotel
Properties Inc is $7.75 
This summary was machine generated from LSEG data February 24 at
11:33 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.20           0.20           Met
 Sep. 30 2024      0.20           0.22           Beat
 Jun. 30 2024      0.27           0.29           Beat
 Mar. 31 2024      0.20           0.24           Beat