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Service Properties (SVC) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
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For the quarter ended September 2023, Service Properties (SVC - Free Report) reported revenue of $496.83 million, down 0.3% over the same period last year. EPS came in at $0.56, compared to $0.05 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $490.29 million, representing a surprise of +1.33%. The company delivered an EPS surprise of +1.82%, with the consensus EPS estimate being $0.55.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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: $395.53 million versus $391.04 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -1.2% change.
Revenues- Rental income: $101.30 million versus the two-analyst average estimate of $99.25 million. The reported number represents a year-over-year change of +3.6%.
Net Earnings Per Share (Diluted): -$0.03 versus -$0.05 estimated by two analysts on average.
Shares of Service Properties have returned +6.6% over the past month versus the Zacks S&P 500 composite's +3.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Service Properties (SVC) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended September 2023, Service Properties (SVC - Free Report) reported revenue of $496.83 million, down 0.3% over the same period last year. EPS came in at $0.56, compared to $0.05 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $490.29 million, representing a surprise of +1.33%. The company delivered an EPS surprise of +1.82%, with the consensus EPS estimate being $0.55.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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: $395.53 million versus $391.04 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -1.2% change.
- Revenues- Rental income: $101.30 million versus the two-analyst average estimate of $99.25 million. The reported number represents a year-over-year change of +3.6%.
- Net Earnings Per Share (Diluted): -$0.03 versus -$0.05 estimated by two analysts on average.
View all Key Company Metrics for Service Properties here>>>Shares of Service Properties have returned +6.6% over the past month versus the Zacks S&P 500 composite's +3.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.