null (NYSE:SVC) Expected to Post Quarterly Sales of $581.83 Million

Equities analysts expect null (NYSE:SVC) to report $581.83 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for null’s earnings, with the lowest sales estimate coming in at $577.78 million and the highest estimate coming in at $585.88 million. null reported sales of $550.80 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.6%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, February 26th.

On average, analysts expect that null will report full year sales of $2.32 billion for the current financial year, with estimates ranging from $2.31 billion to $2.32 billion. For the next year, analysts expect that the business will report sales of $2.44 billion, with estimates ranging from $2.43 billion to $2.44 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover null.

NYSE SVC traded down $0.13 on Friday, hitting $22.93. The stock had a trading volume of 959,000 shares, compared to its average volume of 921,665. null has a one year low of $22.51 and a one year high of $28.00. The firm’s 50-day simple moving average is $23.77.

About null

Service Properties Trust (Nasdaq: SVC) is a real estate investment trust, or REIT, that was founded through an initial public offering in 1995. As of September 20, 2019, SVC owns 328 hotels and owns or leases 945 retail focused net lease properties located throughout the United States, Canada and Puerto Rico.

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