Brokerages Anticipate null (NYSE:SVC) Will Announce Quarterly Sales of $561.39 Million

Analysts forecast that null (NYSE:SVC) will announce sales of $561.39 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for null’s earnings, with estimates ranging from $520.50 million to $585.88 million. null reported sales of $550.80 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.9%. The firm is scheduled to issue its next quarterly earnings results 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 financial year, analysts forecast that the company will report sales of $2.37 billion, with estimates ranging from $2.23 billion to $2.45 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow null.

Separately, TheStreet lowered null from a “b-” rating to a “c+” rating in a research note on Wednesday, September 25th.

NYSE:SVC traded up $0.05 on Friday, hitting $23.66. 734,928 shares of the stock were exchanged, compared to its average volume of 803,718. The business has a fifty day moving average of $25.07. null has a fifty-two week low of $22.47 and a fifty-two 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.

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Earnings History and Estimates for null (NYSE:SVC)

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