Braemar Hotels & Resorts Inc. (NYSE:BHR) is set to announce third quarter earning results on Wednesday 28th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, BHR to report 3Q20 loss of $ 1.24 per share.
For the full year, analysts anticipate top line of $ 225.00 million, while looking forward to loss of $ 3.99 per share bottom line.
Previous Quarter Performance
Braemar Hotels & Resorts Inc. disclosed loss for the second quarter of $ 0.58 per share, from the revenue of $ 12.89 million. Wall street analysts are predicting, BHR to report 2Q20 loss of $ 1.45 per share from revenue of $ 16.71 million. The bottom line results beat street analysts by $ 0.87 or 60.00 percent, at the same time, top line results fell short of analysts by $ 3.82 million or 22.86 percent.
Stock Performance
Shares of Braemar Hotels & Resorts Inc. traded low $ -0.02 or -0.85 percent on Tuesday, reaching $ 2.34 with volume of 142.50 thousand shares. Braemar Hotels & Resorts Inc. has traded high as $ 2.37 and has cracked $ 2.32 on the downward trend
According to the previous trading day, closing price of $ 2.34, representing a 107.02 % increase from the 52 week low of $ 1.14 and a 77.29 % decrease over the 52 week high of $ 10.39.
The company has a market capital of $ 78.46 million and is part of the Real Estate sector and REIT – Hotel & Motel industry.
Recent Analyst recommendations
- On 19th October 2020, maintained by Robert W. Baird at Neutral rating, with $ 5.00 target price.
Braemar Hotels & Resorts is a conservatively capitalized REIT that invests primarily in high RevPAR, full-service luxury hotels and resorts. We are listed on the New York Stock Exchange under the symbol BHR and are externally-advised by Ashford (NYSE American: AINC).
