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Summit Hotel Properties (INN)
NYSE:INN
Earnings Data
Report Date
Aug 05, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.05Last Year’s EPS
0.23Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 30, 2025
|% Change Since: 12.25%
|Next Earnings Date:Aug 05, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. There were notable achievements, such as the strong performance of the urban portfolio and successful renovation projects. However, these were offset by declines in RevPAR, challenging special event comparisons, and softening demand in key segments. The approval of a share repurchase program signals management's confidence in the long-term value of the company, but the current economic uncertainties and pressures are significant.Company Guidance
During the first quarter 2025 earnings call, Summit Hotel Properties provided guidance indicating the company's performance is tracking towards the lower end of its full-year forecasts for adjusted EBITDA, adjusted FFO, and adjusted FFO per share. The company expects second quarter RevPAR to decline between 2% and 4% year-over-year, with the first half of the year potentially seeing a 1% RevPAR decline. Summit's updated full-year guidance assumes flat RevPAR growth for 2025, with each 1% increase in full-year RevPAR equating to approximately $5 million in pro rata EBITDA or $0.04 of adjusted FFO per share. Additionally, Summit announced a $50 million share repurchase program, intended to be used opportunistically to enhance shareholder value.Urban Portfolio Performance
RevPAR in the company's urban portfolio increased nearly 3%, outpacing the total industry by approximately 80 basis points. Strong performers included New Orleans, Tampa, San Francisco, Chicago, and Downtown Houston, all with RevPAR growth of 7% or higher.
Successful Renovation
The Courtyard by Marriott Oceanside, Fort Lauderdale Beach completed a comprehensive renovation, expected to significantly increase average rates and close the rate gap with competitive oceanfront properties.
Share Repurchase Program
A $50 million share repurchase program was approved to return capital to shareholders, driven by significant dislocation in the company's stock price.
Margin Management
Despite modest RevPAR growth, hotel EBITDA margin contraction was limited to 49 basis points due to strong cost control measures like reducing contract labor by 9% and improving employee retention.
INN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
INN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2025 | $4.00 | $4.06 | +1.50% |
Feb 24, 2025 | $6.23 | $6.16 | -1.12% |
Nov 04, 2024 | $5.92 | $5.81 | -1.86% |
Jul 29, 2024 | $5.83 | $6.00 | +2.92% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Summit Hotel Properties (INN) report earnings?
Summit Hotel Properties (INN) is schdueled to report earning on Aug 05, 2025, TBA Not Confirmed.
What is Summit Hotel Properties (INN) earnings time?
Summit Hotel Properties (INN) earnings time is at Aug 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is INN EPS forecast?
INN EPS forecast for the fiscal quarter 2025 (Q2) is 0.05.