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

Summit Hotel Properties

04/05/2022 03:06

* Summit Hotel Properties Inc  INN.N  reported a quarterly
adjusted loss of 12 cents​​ per share for the quarter ended in
March. The mean expectation of three analysts for the quarter
was for a loss of 11 cents per share.
    * Revenue rose 145.2% to $141.87 million from a year ago; 
analysts expected $129.01 million. 
    * Summit Hotel Properties Inc's reported EPS for the quarter
was a
loss of 12 cents​.
    * The mean earnings estimate of analysts had fallen by
about 23.2%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Summit Hotel Properties Inc shares had fallen by 2.1% this
quarter and lost 0.1% so far this year.
    * The company reported a quarterly loss of $12.38 million.
    * Wall Street's median 12-month price target for Summit
Hotel
Properties Inc is $12.00 
    * 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." 

This summary was machine generated May 4 at 02:06 a.m.  ​All
figures in US dollars unless otherwise stated