Summit Hotel Properties, Inc. (NYSE:INN) is expected to report third quarter earnings results, after market close, on Tuesday 3rd November 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.4 per share from revenue of $ 52.45 million.
Looking ahead, the full year loss are expected at $ 1.44 per share on the revenues of $ 245.62 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 1.15 ~ $ 1.27 per share
Click Here For More Historical Outlooks Of Summit Hotel Properties, Inc.
Previous Quarter Performance
Summit Hotel Properties, Inc. unwinded loss for the second quarter of $ 0.25 per share, from the revenue of $ 25.44 million. According to street consensus, INN was expected to report 2Q20 loss of $ 0.39 per share from revenue of $ 32.19 million. The bottom line results beat street analysts by $ 0.14 or 35.90 percent, at the same time, top line results fell short of analysts by $ 6.75 million or 20.97 percent.
Stock Performance
Shares of Summit Hotel Properties, Inc. traded up $ 0.24 or 4.55 percent on Monday, reaching $ 5.52 with volume of 574.30 thousand shares. Summit Hotel Properties, Inc. has traded high as $ 5.52 and has cracked $ 5.26 on the downward trend
The closing price of $ 5.52, representing a 127.59 % increase from the 52 week low of $ 2.32 and a 58.06 % decrease over the 52 week high of $ 12.59.
The company has a market capital of $ 583.45 million and is part of the Real Estate sector and REIT – Hotel & Motel industry.
Summit Hotel Properties, Inc. is a publicly-traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the Upscale segment of the lodging industry. As of May 1, 2019, the Companys portfolio consisted of 69 hotels with a total of 10,714 guestrooms located in 24 states.
