Summit Hotel Properties Earnings Preview

Summit Hotel Properties INN is set to give its latest quarterly earnings report on Wednesday, 2022-11-02. Here's what investors need to know before the announcement.

Analysts estimate that Summit Hotel Properties will report an earnings per share (EPS) of $-0.01.

Summit Hotel Properties bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Here's a look at Summit Hotel Properties's past performance and the resulting price change:

Stock Performance

Shares of Summit Hotel Properties were trading at $8.64 as of October 31. Over the last 52-week period, shares are down 17.82%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.

To track all earnings releases for Summit Hotel Properties visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.