Wall Street analysts expect Summit Hotel Properties (INN - Free Report) to post quarterly earnings of $0.21 per share in its upcoming report, which indicates a year-over-year decline of 16%. Revenues are expected to be $175.76 million, up 2% from the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
In light of this perspective, let's dive into the average estimates of certain Summit Hotel Properties metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts expect 'Revenues- Food and beverage' to come in at $10.16 million. The estimate indicates a change of +2.3% from the prior-year quarter.
The consensus among analysts is that 'Revenues- Other' will reach $9.38 million. The estimate points to a change of +7% from the year-ago quarter.
Analysts predict that the 'Revenues- Room' will reach $156.78 million. The estimate points to a change of +2.1% from the year-ago quarter.
Based on the collective assessment of analysts, 'Depreciation and amortization' should arrive at $38.30 million. Compared to the current estimate, the company reported $37.70 million in the same quarter of the previous year.
View all Key Company Metrics for Summit Hotel Properties here>>>
Over the past month, shares of Summit Hotel Properties have returned -1.3% versus the Zacks S&P 500 composite's +4.7% change. Currently, INN carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Wall Street analysts expect Summit Hotel Properties (INN - Free Report) to post quarterly earnings of $0.21 per share in its upcoming report, which indicates a year-over-year decline of 16%. Revenues are expected to be $175.76 million, up 2% from the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
In light of this perspective, let's dive into the average estimates of certain Summit Hotel Properties metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts expect 'Revenues- Food and beverage' to come in at $10.16 million. The estimate indicates a change of +2.3% from the prior-year quarter.
The consensus among analysts is that 'Revenues- Other' will reach $9.38 million. The estimate points to a change of +7% from the year-ago quarter.
Analysts predict that the 'Revenues- Room' will reach $156.78 million. The estimate points to a change of +2.1% from the year-ago quarter.
Based on the collective assessment of analysts, 'Depreciation and amortization' should arrive at $38.30 million. Compared to the current estimate, the company reported $37.70 million in the same quarter of the previous year.
View all Key Company Metrics for Summit Hotel Properties here>>>
Over the past month, shares of Summit Hotel Properties have returned -1.3% versus the Zacks S&P 500 composite's +4.7% change. Currently, INN carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Get the latest research report on INN - FREE