On Monday 4th November 2024, Summit Hotel Properties (NYSE: INN) will be releasing its third quarter financial results. This much awaited announcement will be made after market close.
According to predictions from financial analysts on Wall Street, the establishment is expected to report an estimated per share $0.06 loss for the quarter. Furthermore, the company is anticipated to unveil a total revenue of $181.3 million during this period.
According to analysts on Wall Street, the company's full-year performance is projected to result in a total revenue of $732.14 million. Additionally, they forecast the earnings per share to hit profit of $0.13 for the fiscal year.
During the equivalent quarter of the preceding year, the company's financial report highlighted a per-share income of $0.22. This significant amount was the outcome of the company's total revenue, which reached an impressive $181.82 million during that particular timeframe.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $0.29 | +7.4% | 193.90 M | -0.3% |
| Q1 2024 | $0.24 | +9.1% | 188.14 M | +3.2% |
| Q4 2023 | $0.22 | -12.0% | 177.44 M | +3.0% |
| Q3 2023 | $0.22 | -12.0% | 181.82 M | +2.0% |
| Q2 2023 | $0.27 | 0% | 194.49 M | +6.1% |
| *Growth on year-over-year basis | ||||
INN has scheduled a conference call on 5th November 2024 at 09:00 AM eastern time to discuss the third quarter financial results and other related information.
Summit Hotel Properties (INN) closed Friday's regular trading session at $6.11, indicating a 0.16 percent decline. The stock fluctuated between $6.09 and $6.23 during the day, with a volume of 606.30 thousand shares.
