Sotherly Hotels (SOHO) Reports Q3 Loss, Lags Revenue Estimates
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Sotherly Hotels (SOHO) reported a Q3 loss of $0.04 per share, missing the Zacks Consensus Estimate of $0.01. This is a decline from the break-even FFO per share reported a year ago.
November 12, 2024 | 2:00 pm
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Sotherly Hotels reported a Q3 loss of $0.04 per share, missing the expected $0.01 per share. This is a decline from last year's break-even FFO per share.
The reported loss of $0.04 per share is below the expected earnings of $0.01 per share, indicating a negative earnings surprise. This is likely to impact the stock price negatively in the short term as it reflects poorer financial performance compared to expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100