Extended Stay America (STAY) Tops Q1 EPS by 3c
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Extended Stay America (NYSE: STAY) reported Q1 EPS of $0.15, $0.03 better than the analyst estimate of $0.12. Revenue for the quarter came in at $291 million versus the consensus estimate of $289.91 million.
GUIDANCE:
Extended Stay America sees FY2017 revenue of $1.29-1.31 billion, versus the consensus of $1.3 billion.
The Company’s outlook for 2017 is updated as follows:
| Full Year 2017 | Updated Outlook | Previous Outlook | |||||||||||||||||||||||
| in millions, except % | Low | High | Low | High | |||||||||||||||||||||
| Total Revenues | $ | 1,285 | $ | 1,310 | $ | 1,279 | $ | 1,305 | |||||||||||||||||
| RevPAR % Δ | 1.5% | 3.5% | 1% | 3% | |||||||||||||||||||||
| Net Income | $ | 175 | $ | 188 | $ | 181 | $ | 194 | |||||||||||||||||
| Adjusted EBITDA | $ | 625 | $ | 640 | $ | 620 | $ | 635 | |||||||||||||||||
| Adjusted EBITDA % Δ | 1.5 % | 4.0% | 0.7% | 3.1% | |||||||||||||||||||||
| Depreciation and Amortization | $ | 233 | $ | 233 | $ | 233 | $ | 233 | |||||||||||||||||
| Net Interest Expense | $ | 130 | $ | 130 | $ | 130 | $ | 130 | |||||||||||||||||
| Effective Tax Rate | 23% | 24% | 23% | 24% | |||||||||||||||||||||
| Capital Expenditures | $ | 150 | $ | 180 | $ | 150 | $ | 180 | |||||||||||||||||
For earnings history and earnings-related data on Extended Stay America (STAY) click here.
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