Service Properties (SVC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Financial Performance - Revenue for the quarter ended September 2024 was $491.17 million, a decrease of 1.1% compared to the same period last year [1] - EPS for the quarter was $0.32, compared to -$0.03 in the year-ago quarter [1] - The reported revenue missed the Zacks Consensus Estimate of $497.97 million by -1.36% [1] - The EPS surprise was -13.51%, with the consensus EPS estimate being $0.37 [1] Key Metrics - Hotel operating revenues were $390.94 million, missing the two-analyst average estimate of $397.33 million and representing a -1.2% year-over-year change [3] - Rental income was $100.24 million, slightly below the two-analyst average estimate of $100.69 million and showing a -1.1% year-over-year change [3] - Net Earnings Per Share (Diluted) was -$0.28, compared to the two-analyst average estimate of -$0.21 [3] Stock Performance - Shares of Service Properties have returned -37.3% over the past month, underperforming the Zacks S&P 500 composite's +0.7% change [4] - The stock currently has a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [4]