Summit Hotel Properties Q2 2024 FFO $0.29 Beats $0.27 Estimate, Sales $193.903M Miss $193.909M Estimate
Portfolio Pulse from Benzinga Newsdesk
Summit Hotel Properties (NYSE:INN) reported Q2 2024 earnings per share (EPS) of $0.29, beating the analyst estimate of $0.27. However, the company's sales of $193.903 million slightly missed the estimate of $193.909 million and showed a 0.30% decrease from the same period last year.
July 29, 2024 | 8:34 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Summit Hotel Properties (NYSE:INN) reported Q2 2024 EPS of $0.29, beating the estimate of $0.27. Sales of $193.903 million missed the estimate of $193.909 million and decreased by 0.30% YoY.
The positive EPS surprise is likely to have a more significant short-term impact on the stock price than the slight miss in sales and the small YoY decrease. Investors often react more strongly to earnings beats.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100