Extended Stay America on target for $275 million in quarterly earnings

George Sell George Sell Uploaded 20 January 2020

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US: Brokerages expect Extended Stay America (NYSE:STAY) to announce $275.09 million in sales for the current fiscal quarter, according to Zacks Investment Research.

Five analysts have made estimates for Extended Stay America’s earnings, with the highest sales estimate coming in at $278.00 million and the lowest at $271.07 million. Extended Stay America reported sales of $289.72 million in the same quarter last year, which indicates a negative year over year growth rate of five per cent.

According to Zacks, analysts expect that Extended Stay America will report full year sales of $1.21 billion for the current financial year, with estimates ranging from $1.20 billion to $1.21 billion.

Extended Stay America last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.02). The firm had revenue of $332.70 million for the quarter, compared to the consensus estimate of $331.69 million. The business’s revenue for the quarter was down 5.2 per cent on a year-on-year basis. During the same quarter last year, the firm posted $0.39 EPS.

 

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