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

Summit Hotel Properties

04/05/2023 24:15

* Summit Hotel Properties Inc  INN.N  reported a quarterly
adjusted loss of 5 cents​​ per share for the quarter ended in
March. The lone analyst forecast for the quarter was for a loss
of 7 cents per share.
    * Revenue rose 28.6% to $182.38 million from a year ago;
analysts
expected $179.57 million. 
    * Summit Hotel Properties Inc's reported EPS for the quarter
was a
loss of 5 cents​.
    * The mean earnings estimate of analysts had fallen by
about 15.3%
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 7.4% this
quarter and lost 10.2% so far this year.
    * The company reported a quarterly loss of $5.23 million.
    * Wall Street's median 12-month price target for Summit
Hotel
Properties Inc is $8.25 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
3 at 11:15 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.21           0.22           Beat
 Dec. 31 2022      0.21           0.25           Beat
 Sep. 30 2022      0.25           0.25           Met
 Jun. 30 2022      0.29           0.27           Missed