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

Summit Hotel Properties

29/02/2024 21:28

* Summit Hotel Properties Inc  INN.N  reported a quarterly
adjusted loss of 16 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of -2 cents.  The mean expectation of
two analysts for the quarter was for a loss of 13 cents per
share. Wall Street expected results to range from -16 cents
to -10 cents per share.
    * Revenue rose 3% to $177.44 million from a year ago;
analysts
expected $176.54 million. 
    * Summit Hotel Properties Inc's reported EPS for the quarter
was a
loss of 16 cents​.
    * The company reported a quarterly loss of $16.57 million.
    * Summit Hotel Properties Inc shares had fallen by 1.9% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 21.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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." 
    * Wall Street's median 12-month price target for Summit
Hotel
Properties Inc is $8.00 

This summary was machine generated from LSEG data February 29 at
09:27 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 2023      0.20           0.22           Beat
 Sep. 30 2023      0.17           0.22           Beat
 Jun. 30 2023      0.25           0.27           Beat
 Mar. 31 2023      0.21           0.22           Beat