* Apple Hospitality REIT Inc reported quarterly adjusted earnings of 23 cents per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 26 cents. The mean expectation of five analysts for the quarter was for earnings of 25 cents per share. Wall Street expected results to range from 24 cents to 26 cents per share.
* Revenue rose 5.7% to $378.84 million from a year ago; analysts expected $380.15 million.
* Apple Hospitality REIT Inc's reported EPS for the quarter was 23 cents.
* The company reported quarterly net income of $56.27 million.
* Apple Hospitality REIT Inc shares had fallen by 0.8% this quarter and lost 11.3% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 3.6% in the last three months.
* In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the specialized reits peer group is also "buy"
Wall Street's median 12-month price target for Apple Hospitality REIT Inc is $17.00 This summary was machine generated from LSEG data November 5 at 07:49 a.m. UTC. 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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 0.45 0.45 Met
Jun. 30 2024 0.50 0.50 Met
Mar. 31 2024 0.34 0.34 Met
Dec. 31 2023 0.31 0.31 Met
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