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Market Overview

Sotherly Hotels: Q3 Earnings Insights

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Shares of Sotherly Hotels (NASDAQ:SOHO) were unchanged after the company reported Q3 results.

Quarterly Results

Earnings per share were down 296.43% over the past year to ($0.55), which beat the estimate of ($0.79).

Revenue of $14,414,000 declined by 66.13% from the same period last year, which beat the estimate of $7,700,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Nov 09, 2020

Time: 10:00 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/soho/mediaframe/41262/indexr.html

Technicals

52-week high: $6.92

Company's 52-week low was at $1.43

Price action over last quarter: down 35.12%

Company Profile

Sotherly Hotels Inc is engaged in the Hotel operation. The company is a self-managed and self-administered real estate investment trust that owns and manages a portfolio of upper-upscale, upscale and mid-scale hotels located in main markets in the Mid-Atlantic and Southeastern 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.

 

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Posted-In: Earnings News

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