Extended Stay America, Inc. (NASDAQ:STAY) is expected to report third quarter earnings results, after market close, on Monday 9th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.11 per share.
Looking ahead, the full year income are expected at $ 0.19 per share on the revenues of $ 1024.46 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1,226.00 million ~ $ 1,246.00 million, where as bottomline are predicted in a range of $ 0.78 ~ $ 0.90 per share
Click Here For More Historical Outlooks Of Extended Stay America, Inc.
Previous Quarter Performance
Extended Stay America, Inc. posted loss for the second quarter of $ 0.04 per share, from the revenue of $ 230.83 million. The quarterly revenues down 28.68 percent compared with the same quarter last year. Wall street analysts are predicting, STAY to report 2Q20 loss of $ 0.05 per share from revenue of $ 228.92 million. The bottom line results beat street analysts by $ 0.01 or 20.00 percent, at the same time, top line results outshined analysts by $ 1.91 million or 0.83 percent.
Stock Performance
On Friday, shares of Extended Stay America, Inc. has traded high as $ 12.89 and has cracked $ 12.44 on the downward trend, reaching $ 12.68 with volume of 1.77 million shares.
According to the previous trading day, closing price of $ 12.68, representing a 132.90 % increase from the 52 week low of $ 5.35 and a 18.51 % decrease over the 52 week high of $ 15.29.
The company has a market capital of $ 2.25 billion and is part of the Consumer Cyclical sector and Lodging industry.
Recent Analyst recommendations
- On 30th September 2020, upgraded by JPMorgan Chase & Co. to Overweight from Neutral rating, with $ 15.00 target price.
- On 30th September 2020, upgraded by Bank of America to Buy from Neutral rating, with $ 15.00 target price.
- On 29th September 2020, upgraded by Bank of America to Buy from Neutral rating.
Extended Stay America, Inc., together with its subsidiaries, owns, operates, and manages hotels in the United States. As of February 27, 2019, the company had a network of 627 hotels. It serves customers in the mid-priced extended stay segment.
