Extended Stay America (STAY) Tops Q4 EPS by 2c, Revenues Beat; FY19 EPS Mid-Point Guidance Below Consensus, OffersFY19 Revenue Outlook

Extended Stay America (NASDAQ: STAY) reported Q4 EPS of $0.21, $0.02 better than the analyst estimate of $0.19. Revenue for the quarter came in at $289.7 million versus the consensus estimate of $287.23 million.

Extended Stay America’s President and Chief Executive Officer, Jonathan Halkyard, commented, “We are pleased with the strong progress we made in 2018, including achieving solid financial results, growing our pipeline to nearly 60 hotels, growing RevPAR primarily from our core extended stay guest, refranchising over 70 hotels and further de-levering the balance sheet.”

Mr. Halkyard continued, “Looking to 2019, on the backdrop of an expected stable macro environment, we plan to make significant progress on our growth strategy while evaluating options to enhance shareholder value.”

GUIDANCE:

Extended Stay America sees FY2019 EPS of $1.02-$1.14, versus the consensus of $1.11. Extended Stay America sees FY2019 revenue of $1.23-1.25 billion, versus the consensus of $1.24 billion.

For earnings history and earnings-related data on Extended Stay America (STAY) click here.

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