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

Summit Hotel Properties

01/05/2025 24:21

Summit Hotel Properties Inc INN.N reported a quarterly adjusted loss of 4 cents​​ per share for the quarter ended March 31, 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 2 cents per share. Wall Street expected results to range from -3 cents to -2 cents per share.

Revenue fell 1.9% to $184.48 million from a year ago; analysts expected $184.04 million.

Summit Hotel Properties Inc's reported EPS for the quarter was a loss of 4 cents​.

The company reported a quarterly loss of $4.68 million.

Summit Hotel Properties Inc shares had fallen by 25.0% this quarter and lost 40.7% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 8.4% 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," 4 "hold" and no "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 $6.75

This summary was machine generated from LSEG data April 30 at 11:20 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
Mar. 31 2025
0.21
0.22
Beat
Dec. 31 2024
0.20
0.20
Met
Sep. 30 2024
0.20
0.22
Beat
Jun. 30 2024
0.27
0.29
Beat