CorePoint Lodging Inc. (NYSE:CPLG) is reporting third quarter financial results on Thursday 5th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, CPLG is expected to report 3Q20 loss of $ 0.86 per share from revenue of $ 108.00 million.
For the full year, analysts anticipate top line of $ 416.20 million, while looking forward to loss of $ 4.16 per share bottom line.
Previous Quarter Performance
CorePoint Lodging Inc. unwinded loss for the second quarter of $ 0.31 per share, from the revenue of $ 72.00 million. The quarterly revenues contracted 67.12 percent compared with the same quarter last year. According to street consensus, CPLG was expected to report 2Q20 loss of $ 1.30 per share from revenue of $ 55.50 million. The bottom line results beat street analysts by $ 0.99 or 76.15 percent, at the same time, top line results outshined analysts by $ 16.50 million or 29.73 percent.
Stock Performance
Shares of CorePoint Lodging Inc. traded low $ -0.31 or -5.94 percent on Wednesday, reaching $ 4.91 with volume of 61.70 thousand shares. CorePoint Lodging Inc. has traded high as $ 5.26 and has cracked $ 4.87 on the downward trend
The closing price of $ 4.91, representing a 139.45 % increase from the 52 week low of $ 2.18 and a 53.14 % decrease over the 52 week high of $ 11.14.
The company has a market capital of $ 285.57 million and is part of the Real Estate sector and REIT – Hotel & Motel industry.
Conference Call
CorePoint Lodging Inc. will be hosting a conference call at 5:00 PM eastern time on 5th 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.corepoint.com
CorePoint Lodging Inc., a real estate investment trust company, operates midscale and upper-midscale select-service hotels primarily under the La Quinta brand. As of March 21, 2019, it had a portfolio of 313 hotels and approximately 40,000 rooms across 41 states in the United States. CorePoint Lodging Inc.
