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

Summit Hotel Properties

03/11/2022 02:06

* Summit Hotel Properties Inc  INN.N  reported quarterly
breakeven
results​​ per share for the quarter ended in September. The lone
analyst forecast for the quarter was for a loss of one cent per
share.
    * Revenue rose 61% to $178.25 million from a year ago;
analysts
expected $179.27 million. 
    * Summit Hotel Properties Inc's reported EPS for the quarter
was
breakeven results​.
    * The mean earnings estimate of analysts had fallen by
about 17.8%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Summit Hotel Properties Inc shares had risen by 28.1% this
quarter and lost 11.8% so far this year.
    * The company reported a quarterly loss of $517 thousand.
    * Wall Street's median 12-month price target for Summit
Hotel
Properties Inc is $10.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data November
3 at 02:06 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.25           0.25           Met
 Jun. 30 2022      0.29           0.27           Missed
 Mar. 31 2022      0.14           0.17           Beat
 Dec. 31 2021      0.14           0.14           Met