Sotherly Hotels Up 6.51% To $2.29 After Earnings

Thursday, August 11, 2022 - Sotherly Hotels (SOHO) reported upside earnings and revenues today.

Sotherly Hotels earnings per share (EPS) came in at of $0.33. Sotherly Hotels's earnings rose 371% year-over-year as the firm reported an EPS of $0.07 in its year-ago quarter. The positive annual growth shows the Real Estate company is performing well amid recent economic conditions.

Consensus analyst estimates were at $46.6 million. The Real Estate company managed to surpass those expectations for its second quarter with revenue of $47.2 million, a positive revenue surprise of $570 thousand (1%). The firm managed 37% growth year-over-year due to Sotherly Hotels reporting quarterly revenue of $34.4 million in its year-ago quarter. Sotherly Hotels achieved a higher earnings growth rate than revenue, signaling that the business has improved its profit margin.

The stock is up 6.51% to $2.29 after the report.

Sotherly Hotels's earnings expanded faster than revenues, signaling widening profit margins.

The average recommendation from Wall Street analysts was a Hold which may get revised based on this new data.

Trading in the five days leading up to the report earned Sotherly Hotels a Bullish Sentiment Rank from InvestorsObserver.

Prior to the report, InvestorsObserver gave the stock an overall score of 50. Meanwhile, the average Wall Street analyst rated the stock a Hold.

Sotherly Hotels Inc is engaged in Hotel operation. The company is a self-managed and self-administered lodging real estate investment trust that was formed to own, acquire, renovate and reposition full-service, primarily upscale and upper-upscale hotel properties located in primary markets in the mid-Atlantic and southern United States. It generates revenue through the rooms, food, beverage, and other services. Geographically, the group has its presence in the regions of Florida, Georgia, Indiana, Maryland, North Carolina, Pennsylvania, Texas, and Virginia.