Service Properties (SVC) Misses Q3 FFO and Revenue Estimates

Core Viewpoint - Service Properties (SVC) reported quarterly funds from operations (FFO) of $0.32 per share, missing the Zacks Consensus Estimate of $0.37 per share, and down from $0.56 per share a year ago, indicating a negative trend in performance [1][2] Financial Performance - The company posted revenues of $491.17 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 1.36%, compared to $496.83 million in the same quarter last year [2] - Over the last four quarters, Service Properties has not surpassed consensus FFO estimates, with a quarterly FFO surprise of -13.51% [1][2] Stock Performance - Service Properties shares have declined approximately 65.3% since the beginning of the year, contrasting with the S&P 500's gain of 21.2% [3] - The current consensus FFO estimate for the upcoming quarter is $0.25 on revenues of $448.55 million, and for the current fiscal year, it is $1.21 on revenues of $1.9 billion [7] Industry Outlook - The REIT and Equity Trust - Other industry is currently ranked in the top 24% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - The performance of Service Properties may be influenced by the overall industry outlook, as empirical research indicates a strong correlation between stock movements and industry trends [5][8]