Summit Hotel Properties Inc expected to post a loss of 6 cents a share - Earnings Preview

Reuters11-02

* Summit Hotel Properties Inc is expected to show a fall in quarterly revenue when it reports results on November 4 for the period ending September 30 2024

* The Austin Texas-based company is expected to report a 0.3% decrease in revenue to $181.296 million from $181.82 million a year ago, according to the mean estimate from 5 analysts, based on LSEG data. (SAL represents Total Revenue)

* LSEG's mean analyst estimate for Summit Hotel Properties Inc is for a loss of 6 cents per share.

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 3 "hold" and 1 "sell" or "strong sell."

* The mean earnings estimate of analysts was unchanged in the last three months.

* Wall Street's median 12-month price target for Summit Hotel Properties Inc is $7.50, above its last closing price of $6.11.

This summary was machine generated November 2 at 04:04 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

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