Service Properties Trust Q2 2024 FFO $0.45 Misses $0.48 Estimate, Sales $512.948M Beat $508.159M Estimate
Portfolio Pulse from Benzinga Newsdesk
Service Properties Trust (NASDAQ:SVC) reported Q2 2024 earnings per share (EPS) of $0.45, missing the analyst estimate of $0.48 by 6.25%. This represents a 22.41% decrease from the same period last year. However, the company reported sales of $512.948 million, beating the estimate of $508.159 million by 0.94%, and showing a 1.82% increase from the previous year.
August 06, 2024 | 8:27 pm
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Service Properties Trust reported Q2 2024 EPS of $0.45, missing estimates by 6.25% and showing a 22.41% YoY decrease. However, sales beat estimates at $512.948 million, a 1.82% YoY increase.
The miss on EPS by 6.25% and a significant YoY decrease of 22.41% is likely to negatively impact investor sentiment in the short term. However, the beat on sales and a slight YoY increase may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100