Sotherly Hotels Inc. (NASDAQ:SOHO) is set to announce third quarter earning results on Monday 9th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, SOHO to report 3Q20 loss of $ 0.79 per share.
For the full year, analysts anticipate top line of $ 60.70 million, while looking forward to loss of $ 3.58 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 184.11 million ~ $ 188.21 million, where as bottomline are predicted in a range of $ 1.00 ~ $ 1.06 per share
Click Here For More Historical Outlooks Of Sotherly Hotels Inc.
Previous Quarter Performance
Sotherly Hotels Inc. unwinded loss for the second quarter of $ 0.86 per share, from the revenue of $ 5.29 million. The quarterly revenues shrunk 89.74 percent compared with the same quarter last year. According to street consensus, SOHO was expected to report 2Q20 loss of $ 0.85 per share from revenue of $ 5.20 million. The bottom line results missed street analysts by $ 0.01 or 1.18 percent, at the same time, top line results outshined analysts by $ 0.09 million or 1.73 percent.
Stock Performance
On Friday, shares of Sotherly Hotels Inc. has traded high as $ 1.63 and has cracked $ 1.56 on the downward trend, reaching $ 1.57 with volume of 29.60 thousand shares.
According to the previous trading day, closing price of $ 1.57, representing a 9.09 % increase from the 52 week low of $ 1.43 and a 77.46 % decrease over the 52 week high of $ 6.92.
The company has a market capital of $ 23.36 million and is part of the Real Estate sector and REIT – Hotel & Motel industry.
Conference Call
Sotherly Hotels Inc. will be hosting a conference call at 10:00 AM eastern time on 9th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.sotherlyhotels.com
Sotherly Hotels Inc. is a self-managed and self-administered lodging REIT focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the Southern United States. Currently, the Companys portfolio consists of investments in twelve hotel properties, comprising 3,156 rooms, and an interest in the Hyde Resort & Residences, a luxury condo hotel.
