After a difficult two years, the hospitality sector is bouncing back. Most of the U.S. population is vaccinated with more countries opening up their borders. Now could be a prime time to buy undervalued hospitality real estate investment trusts (REITs) with high growth potential.
Apple Hospitality REIT (NYSE:APLE) reported quarterly earnings of $0.28 per share. This is a 600 percent increase over earnings of $0.04 per share from the same period last year. The company reported quarterly sales of
Companies Reporting Before The Bell
• Mirum Pharmaceuticals (NASDAQ:MIRM) is expected to report quarterly loss at $1.34 per share on revenue of $8.46 million.
Apple Hospitality REIT (NYSE:APLE) is set to give its latest quarterly earnings report on Thursday, 2022-05-05. Here's what investors need to know before the announcement.
Analysts estimate that Apple Hospitality REIT will report an earnings per share (EPS) of $0.05.
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• Gaotu Techedu (NYSE:GOTU) is projected to report quarterly earnings at $0.13 per share on revenue of $439.63 million.
Gaming and lodging stocks took a big hit on Friday following news of the new omicron variant of COVID-19. Despite that, Bank of America analyst Shaun Kelley said Monday there are plenty of gaming and lodging stocks to buy on the dip heading into 2022.
Companies Reporting Before The Bell
• DISH Network (NASDAQ:DISH) is likely to report quarterly earnings at $0.91 per share on revenue of $4.45 billion.