Hospitality Properties Trust Earnings: Everything You Must Know Now
Hospitality Properties Trust (NYSE:HPT) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Hospitality Properties Trust Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 5.13% to $0.74 in the quarter versus EPS of $0.78 in the year-earlier quarter.
Revenue: Rose 17.59% to $354.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Hospitality Properties Trust reported adjusted EPS income of $0.74 per share. By that measure, the company missed the mean analyst estimate of $0.75. It beat the average revenue estimate of $322.56 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…
Revenue increased 9.96% from $322.39 million in the previous quarter. EPS decreased 2.63% from $0.76 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.83 to a profit $0.79. For the current year, the average estimate has moved down from a profit of $3.18 to a profit of $3.03 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)