Summit Hotel Properties Q3 2023 AFFO $0.22 Down From $0.25 YoY, Sales $181.82M Beat $180.50M Estimate
Portfolio Pulse from totan@benzinga.com
Summit Hotel Properties (NYSE:INN) reported Q3 2023 earnings of $0.22 per share, a 12% decrease YoY. However, the company's quarterly sales of $181.82M beat the analyst consensus estimate of $180.50M by 0.73%, marking a 2% increase YoY.

November 01, 2023 | 9:16 pm
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NEUTRAL IMPACT
Summit Hotel Properties reported a YoY decrease in earnings but beat sales estimates. This mixed result could lead to uncertain market reactions.
While the decrease in earnings is a negative signal, the beat on sales estimates is positive. These mixed results could lead to an uncertain short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100