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Service Properties (SVC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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Service Properties (SVC - Free Report) reported $503.78 million in revenue for the quarter ended June 2023, representing a year-over-year decline of 2.3%. EPS of $0.58 for the same period compares to $0.07 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $500.9 million, representing a surprise of +0.57%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.58.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Service Properties performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Hotel operating revenues: $404.33 million compared to the $405.82 million average estimate based on two analysts. The reported number represents a change of -3.5% year over year.
Revenues- Rental income: $99.45 million versus $95.08 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +2.8% change.
Net Earnings Per Share (Diluted): -$0.07 versus the two-analyst average estimate of -$0.03.
Shares of Service Properties have returned -6.2% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Service Properties (SVC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Service Properties (SVC - Free Report) reported $503.78 million in revenue for the quarter ended June 2023, representing a year-over-year decline of 2.3%. EPS of $0.58 for the same period compares to $0.07 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $500.9 million, representing a surprise of +0.57%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.58.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Service Properties performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Hotel operating revenues: $404.33 million compared to the $405.82 million average estimate based on two analysts. The reported number represents a change of -3.5% year over year.
- Revenues- Rental income: $99.45 million versus $95.08 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +2.8% change.
- Net Earnings Per Share (Diluted): -$0.07 versus the two-analyst average estimate of -$0.03.
View all Key Company Metrics for Service Properties here>>>Shares of Service Properties have returned -6.2% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.