Summit Hotel Properties Future Growth

Future criteria checks 0/6

Summit Hotel Properties is forecast to grow earnings and revenue by 38.9% and 2.1% per annum respectively. EPS is expected to grow by 31.1% per annum. Return on equity is forecast to be -2% in 3 years.

Key information

38.9%

Earnings growth rate

31.1%

EPS growth rate

Hotel and Resort REITs earnings growth	7.0%
Revenue growth rate	2.1%
Future return on equity	-2.0%
Analyst coverage	Low
Last updated	22 Apr 2024

Recent future growth updates

Recent updates

Summit Hotel Properties (NYSE:INN) Share Prices Have Dropped 30% In The Last Three Years

Feb 19

Summit Hotel Properties climbs amid short squeeze enthusiasm

Feb 01

Summit Hotel Properties prices 1.50% convertible senior notes due 2026

Jan 08

Summit Hotel launches public offering of convertible senior notes due 2026

Jan 06

Summit Hotel: Check-INN To This Select Service Hotel REIT

Dec 26

Summit Hotel Properties initiates leadership transition

Dec 17

Earnings and Revenue Growth Forecasts

NYSE:INN - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2025	767	-15	N/A	172	4
12/31/2024	751	-13	N/A	164	5
12/31/2023	736	-28	63	154	N/A
9/30/2023	731	-23	303	157	N/A
6/30/2023	727	-18	306	162	N/A
3/31/2023	716	-10	358	176	N/A
12/31/2022	676	-17	93	170	N/A
9/30/2022	610	-20	-155	151	N/A
6/30/2022	543	-31	-182	138	N/A
3/31/2022	446	-61	-205	95	N/A
12/31/2021	362	-84	46	66	N/A
9/30/2021	303	-115	-18	30	N/A
6/30/2021	245	-142	-20	-6	N/A
3/31/2021	184	-174	-68	-53	N/A
12/31/2020	234	-158	-65	-42	N/A
9/30/2020	320	-106	-24	7	N/A
6/30/2020	401	-60	10	52	N/A
3/31/2020	519	39	72	126	N/A
12/31/2019	549	68	89	148	N/A
9/30/2019	548	64	87	152	N/A
6/30/2019	557	90	81	153	N/A
3/31/2019	566	79	74	154	N/A
12/31/2018	567	71	82	162	N/A
9/30/2018	567	71	81	160	N/A
6/30/2018	561	55	86	162	N/A
3/31/2018	538	51	92	155	N/A
12/31/2017	515	79	90	148	N/A
9/30/2017	494	80	N/A	142	N/A
6/30/2017	476	84	N/A	138	N/A
3/31/2017	474	72	N/A	144	N/A
12/31/2016	474	87	N/A	137	N/A
9/30/2016	474	164	N/A	148	N/A
6/30/2016	480	151	N/A	147	N/A
3/31/2016	474	146	N/A	136	N/A
12/31/2015	463	108	N/A	132	N/A
9/30/2015	453	28	N/A	119	N/A
6/30/2015	437	18	N/A	108	N/A
3/31/2015	422	11	N/A	101	N/A
12/31/2014	403	4	N/A	102	N/A
9/30/2014	382	-4	N/A	105	N/A
6/30/2014	355	-5	N/A	86	N/A
3/31/2014	329	-8	N/A	83	N/A
12/31/2013	299	-8	N/A	72	N/A
9/30/2013	266	-6	N/A	56	N/A
6/30/2013	227	-6	N/A	56	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: INN is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: INN is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: INN is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: INN's revenue (2.1% per year) is forecast to grow slower than the US market (7.9% per year).

High Growth Revenue: INN's revenue (2.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: INN is forecast to be unprofitable in 3 years.

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Summit Hotel Properties Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Consensus EPS estimates upgraded to US$0.14 loss

No longer forecast to breakeven

Price target decreased by 8.3% to US$8.25

Forecast breakeven date pushed back to 2025

Price target decreased by 7.2% to US$9.00

Consensus forecasts updated

Recent updates

Consensus EPS estimates upgraded to US$0.14 loss

Summit Hotel Properties, Inc. to Report Q1, 2024 Results on May 01, 2024

Summit Hotel Properties Offers 7.4% On Its Preferred Shares

Full year 2023 earnings: EPS misses analyst expectations

Summit Hotel Properties, Inc., Annual General Meeting, May 22, 2024

Upcoming dividend of US$0.06 per share at 3.7% yield

Third quarter dividend of US$0.06 announced

Summit Hotel Properties, Inc. Declares Cash Dividend for the Fourth Quarter Ended December 31, 2023, Payable on February 29, 2024

Summit Hotel Properties, Inc. to Report Q4, 2023 Results on Feb 28, 2024

Summit Hotel: Collect 8.4% Yield On The Preferred Stock

Summit Hotel Properties: A Lot Of Debt

Upcoming dividend of US$0.06 per share at 3.9% yield

An unknown buyer agreed to acquire Hyatt Place Baltimore / Owings Mills from Summit Hotel Properties, Inc. (NYSE:INN) for $8.3 million.

Third quarter 2023 earnings: EPS exceeds analyst expectations

Summit Hotel Properties, Inc. Declares Third Quarter 2023 Dividend, Payable on November 30, 2023

No longer forecast to breakeven

Summit Hotel Properties, Inc. to Report Q3, 2023 Results on Nov 01, 2023

Price target decreased by 8.3% to US$8.25

Summit Hotel Properties: Well-Covered Dividends; Attractive Valuation

Upcoming dividend of US$0.06 per share at 4.1% yield

Summit Hotel Properties, Inc. (NYSE:INN) and GIC Private Limited acquired The Nordic Lodge Hotel for $13.7 million.

Second quarter 2023 earnings released: US$0.007 loss per share (vs US$0.076 profit in 2Q 2022)

Summit Hotel Properties Declares Second Quarter 2023 Common Stock Dividend, Payable on August 31, 2023

Summit Hotel Properties, Inc. to Report Q2, 2023 Results on Aug 02, 2023

Forecast breakeven date pushed back to 2025

An unknown buyer acquired four-hotel portfolio from Summit Hotel Properties, Inc. (NYSE:INN).

Summit Hotel Properties, Inc. (NYSE:INN) and GIC Private Limited acquired Residence Inn Scottsdale North for $29 million

Summit Hotel Properties: Post-Pandemic Recovery Continues

Upcoming dividend of US$0.06 per share at 3.6% yield

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Price target decreased by 7.2% to US$9.00

President recently bought US$151k worth of stock

Full year 2022 earnings: EPS misses analyst expectations

Now 25% undervalued after recent price drop

Now 21% undervalued after recent price drop

Upcoming dividend of US$0.04 per share at 1.9% yield

Summit Hotel Properties, Inc. Declares Cash Dividend for the Fourth Quarter Ended December 31, 2022, Payable on February 28, 2023

Summit Hotel declares $0.3906 dividend

Summit Hotel Properties, Inc. to Report Q4, 2022 Results on Feb 27, 2023

Consensus forecasts updated

Upcoming dividend of US$0.04 per share

Third quarter 2022 earnings released: EPS: US$0.001 (vs US$0.10 loss in 3Q 2021)

Summit Hotel Properties, Inc. (NYSE:INN) acquired 90% stake in Onera Fredericksburg for $4.5 million.

Summit Hotel Properties, Inc. Declares A Cash Dividend for the Third Quarter Ended September 30, 2022, Payable on November 30, 2022

Summit Hotel declares $0.3906 dividend

Price target decreased to US$9.90

Price target decreased to US$10.80

Summit Hotel Properties, Inc. to Report Q3, 2022 Results on Nov 03, 2022

Price target decreased to US$11.00

Summit Hotel goes ex-dividend tomorrow

Upcoming dividend of US$0.04 per share

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Summit Hotel Properties, Inc. Reinstates Quarterly Cash Dividend, Payable on August 31, 2022

Summit Hotel FFO of $0.27 misses by $0.02, revenue of $183.2M beats by $13.47M

Summit Hotel Properties, Inc. to Report Q2, 2022 Results on Aug 02, 2022

Summit Hotel Properties, Inc. (NYSE:INN) acquired AC Hotel by Marriott & Element Miami Brickell for $89 million.

An unknown buyer completed the acquisition of Hilton Garden Inn San Francisco Airport North from Summit Hotel Properties, Inc. (NYSE:INN) and GIC Pte. Ltd.

An unknown buyer entered into an agreement to acquire Hilton Garden Inn San Francisco Airport North from Summit Hotel Properties, Inc. (NYSE:INN) and GIC Pte. Ltd. for $75 million.

Summit Hotel Properties, Inc. to Report Q1, 2022 Results on May 03, 2022

Summit Hotel Properties, Inc. acquired Canopy by Hilton New Orleans Downtown from Hilton Worldwide Holdings Inc. for $56 million.

Full year 2021 earnings: EPS exceeds analyst expectations

I'm Adding To My 6.5% Yielding Preferred Securities Of Summit Hotel Properties

Summit Hotel Properties, Inc., Annual General Meeting, May 12, 2022

Summit Hotel Properties, Inc. Announces Retirement of Craig Aniszewski as Chief Operating Officer

Summit Hotel Properties, Inc. (NYSE:INN) and GIC Pte. Ltd. acquired Embassy Suites by Hilton Tucson / Paloma Village for $25.5 million.

Third quarter 2021 earnings released: US$0.043 loss per share (vs US$0.37 loss in 3Q 2020)

Executive Chairman recently sold US$3.2m worth of stock

Second quarter 2021 earnings released: US$0.21 loss per share (vs US$0.52 loss in 2Q 2020)

Summit Hotel Properties, Inc. (NYSE:INN) and GIC Pte. Ltd. completed the acquisition of 110-guestroom Residence Inn by Marriott Steamboat Springs.