Sotherly Hotels Inc. (NASDAQ:SOHO) is reporting second quarter earnings results on Monday 10th August 2020, before market open.
The consensus estimates from Thomson Reuters are loss of $ 0.85 per share.
For the full year, analysts predict revenues of $ 81.65 million, while looking forward to loss of $ 2.92 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 184.11 million ~ $ 188.21 million, where as bottomline are predicted in a range of $ 1.00 ~ $ 1.06 per share
Click Here For More Historical Outlooks Of Sotherly Hotels Inc.
Previous Quarter Performance
Sotherly Hotels Inc. announced loss for the first quarter of $ 1.01 per share, from the revenue of $ 37.21 million, On adjusted basis, SOHO reported loss for the quarter of $ 0.23 per share. The quarterly revenues contracted 21.48 percent compared with the same quarter last year. Street analysts expected Sotherly Hotels Inc. to report loss of $ 0.15 per share on revenue of $ 26.10 million for the first quarter. The bottom line results missed street analysts by $ 0.08 or 53.33 percent, at the same time, top line results outshined analysts by $ 11.11 million or 42.57 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of SOHO was $ 2.29, representing a 60.14 % increase from the 52 week low of $ 1.43 and a 67.29 % decrease over the 52 week high of $ 7.00.
The company has a market capital of $ 33.95 million and is part of the Real Estate sector and REIT – Hotel & Motel industry.
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Conference Call
Sotherly Hotels Inc. will be hosting a conference call at 10:00 AM eastern time on 10th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.sotherlyhotels.com
Sotherly Hotels Inc. is a self-managed and self-administered lodging REIT focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the Southern United States. Currently, the Companys portfolio consists of investments in twelve hotel properties, comprising 3,156 rooms, and an interest in the Hyde Resort & Residences, a luxury condo hotel.
