NYSE$INN

Summit Hotel Properties Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Hotel demand and average daily rate improved, RevPAR grew, and corporate profitability was achieved.

Summit Hotel Properties reported improved hotel demand and average daily rate during the second quarter of 2021, with RevPAR growing nearly 50% from the first quarter. The company achieved corporate profitability and completed the acquisition of Residence Inn by Marriott Steamboat Springs.

  • Hotel demand and average daily rate steadily improved during the second quarter.
  • RevPAR grew nearly 50% from the first quarter.
  • Corporate profitability milestone was reached for the second quarter.
  • Acquisition of Residence Inn by Marriott Steamboat Springs was completed in July.

Headline financials

Total Revenue

$86.5M

Previous: $25.4M+240.2%
EPS (adj)

$0.08

Previous: -$0.25+132.0%
Capital Expenditures

-$6.5M

Previous: -$15.9M+59.0%
Free Cash Flow

-$25.2M

Previous: -$66.3M+62.0%
Net Income

-$18.7M

Previous: -$50.4M+62.9%
Operating Income

-$11.6M

Previous: -$42.9M+72.9%
Gross Profit

$86.5M

Previous: $25.4M+240.2%
Cash & Equivalents

$56.1M

Previous: $125M-55.0%
Total Assets

$2.23B

Previous: $2.38B-6.3%
Stock-Based Comp

$2.4M

Previous: $1.97M+22.1%

Revenue & EPS history

Summit Hotel Properties · Revenue · Quarterly

$86.5M

Q2 2021+240.2%vs Q2 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Summit Hotel Properties · $175M total across 3 segments · Q4 2025

  • Room Revenue
    $153M+0.2%
  • Food and Beverage
    $11M+3.0%
  • Other Revenue
    $10.8M+15.1%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

-0.2%

Avg return

Earnings day

+0.0%

Avg return

5 days after

+0.5%

Avg return

30 days after

48%

30 / 62 earnings

Positive

+8.9%

Q3 2023

Best reaction

-12.5%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.4%+5.6%+15.4%
Q4 2025+8.4%+8.2%-0.7%
Q3 2025+2.3%+11.9%-4.5%
Q2 2025+0.4%-0.6%+10.4%
Q1 2025+1.5%+2.0%+7.6%
Q4 2024-1.1%+2.1%-14.2%
Q3 2024-0.8%+7.2%+10.8%
Q2 2024+3.8%+1.3%+8.7%
Q1 2024+2.8%+3.2%+1.8%
Q4 2023-0.8%-0.6%+0.6%
Q3 2023+8.9%+10.3%+13.8%
Q2 2023-8.8%-7.6%-8.5%
Q1 2023+2.0%+4.2%+7.4%
Q4 2022-6.3%-1.9%-13.7%
Q3 2022-9.9%-7.7%-3.3%
Q2 2022+3.0%+2.6%-3.4%
Q1 2022-1.8%-4.1%-7.3%
Q4 2021-0.2%-1.6%-1.7%
Q3 2021+1.0%+1.1%-13.7%
Q2 2021-1.9%+3.8%+7.1%
Q1 2021-5.3%-3.7%-7.0%
Q4 2020+4.5%+2.8%+3.6%
Q3 2020+2.5%+5.3%+65.9%
Q2 2020+5.7%+16.5%+11.8%
Q1 2020-12.5%-21.4%+18.2%
Q4 2019-8.3%-13.8%-59.3%
Q3 2019-3.4%-3.9%-3.6%
Q2 2019-1.3%-3.5%-3.5%
Q1 2019+5.9%+8.2%-1.6%
Q4 2018+0.8%-2.7%-0.9%
Q3 2018-0.3%-2.2%-4.1%
Q2 2018+0.4%-3.0%-3.0%
Q1 2018-1.8%+0.0%+5.6%
Q4 2017-1.1%-2.6%-9.2%
Q3 2017+0.7%-1.0%-4.5%
Q2 2017-10.1%-8.7%-17.1%
Q1 2017-0.5%+0.7%+7.6%
Q4 2016-1.8%-5.4%-5.5%
Q3 2016-2.1%+0.5%+13.2%
Q2 2016-0.4%-0.6%+0.4%
Q1 2016+3.9%
Q4 2015+5.2%
Q3 2015+4.1%
Q2 2015-5.4%
Q1 2015-2.4%
Q4 2014+3.0%
Q3 2014+0.9%
Q2 2014+3.6%
Q1 2014+2.3%
Q4 2013-1.1%
Q3 2013-3.7%
Q2 2013-1.2%
Q1 2013-0.8%
Q4 2012+3.4%
Q3 2012-2.4%
Q2 2012+2.4%
Q1 2012+1.3%
Q4 2011-7.9%
Q3 2011+4.5%
Q2 2011+0.8%
Q1 2011-0.4%
Q4 2010+1.3%
Q3 2010
Q2 2010
Q1 2010

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