$561.39 Million in Sales Expected for null (NYSE:SVC) This Quarter

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Analysts expect null (NYSE:SVC) to report sales of $561.39 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for null’s earnings. The highest sales estimate is $585.88 million and the lowest is $520.50 million. null posted sales of $550.80 million in the same quarter last year, which suggests a positive year-over-year growth rate of 1.9%. The business is expected to issue its next quarterly earnings report on Wednesday, February 26th.

According to Zacks, analysts expect that null will report full-year sales of $2.29 billion for the current fiscal year, with estimates ranging from $2.23 billion to $2.32 billion. For the next year, analysts anticipate that the firm will post sales of $2.37 billion, with estimates ranging from $2.23 billion to $2.45 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for null.

Separately, TheStreet cut shares of null from a “b-” rating to a “c+” rating in a research report on Wednesday, September 25th.

Shares of SVC stock traded down $0.04 during mid-day trading on Monday, reaching $23.62. The stock had a trading volume of 1,321,191 shares, compared to its average volume of 815,227. The company has a 50-day moving average price of $23.98. null has a 52-week low of $22.47 and a 52-week high of $28.00.

About null

Service Properties Trust (Nasdaq: SVC) is a real estate investment trust, or REIT, that was founded through an initial public offering in 1995. As of September 20, 2019, SVC owns 328 hotels and owns or leases 945 retail focused net lease properties located throughout the United States, Canada and Puerto Rico.

Further Reading: Why is the Consumer Price Index (CPI) important?

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Earnings History and Estimates for null (NYSE:SVC)

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