CorePoint Lodging Inc. (NYSE:CPLG) is reporting second quarter financial results on Monday 10th August 2020, after market close.
According to analysts surveyed by Thomson Reuters, CPLG is expected to report 2Q20 loss of $ 1.3 per share from revenue of $ 55.50 million.
For the full year, analysts anticipate top line of $ 414.75 million, while looking forward to loss of $ 3.44 per share bottom line.
Previous Quarter Performance
CorePoint Lodging Inc. announced loss for the first quarter of $ 0.37 per share, from the revenue of $ 146.00 million. The quarterly revenues declined 29.81 percent compared with the same quarter last year. Wall street analysts are predicting, CPLG to report 1Q20 loss of $ 0.74 per share from revenue of $ 146.90 million. The bottom line results beat street analysts by $ 0.37 or 50.00 percent, at the same time, top line results fell short of analysts by $ 0.9 million or 0.61 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of CPLG was $ 5.76, representing a 164.22 % increase from the 52 week low of $ 2.18 and a 48.29 % decrease over the 52 week high of $ 11.14.
The company has a market capital of $ 334.98 million and is part of the Real Estate sector and REIT – Hotel & Motel industry.
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Conference Call
CorePoint Lodging Inc. will be hosting a conference call at 5:00 PM 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.corepoint.com
CorePoint Lodging Inc., a real estate investment trust company, operates midscale and upper-midscale select-service hotels primarily under the La Quinta brand. As of March 21, 2019, it had a portfolio of 313 hotels and approximately 40,000 rooms across 41 states in the United States. CorePoint Lodging Inc.
