Summit Hotel Properties Revenue, Profits - INN Quarterly Income Statement

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$13.35 $0.02 (0.15%) INN stock closing price Sep 21, 2018 (Closing)

Looking at financial statements, along with the Summit Hotel Properties stock price, it's management, its economic moat, and industry competitors forms an important part of fundamental analysis. The income statement is a summary of the revenue or sales, expenses and profitability - shown as Net Income, or lack of it. The income statement is always for an accounting period, typically for a year or quarter, and affects the stock. In this case, the INN stock is bound to reflect the impact of the QOQ growth of 8.57%. Along with Summit Hotel Properties assets and Summit Hotel Properties free cash flow, Summit Hotel Properties profits as shown in profit and loss statement give key insights about the business. The net profit for 2018 Q2 is $37.58M and the 2018 Q2 revenue is $152.22M.

View and download details of revenue and profits for Summit Hotel Properties for latest & last 40 quarters.
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Quarterly
Annual
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Fiscal year is Jan - Dec2018 Q22018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q1
Summit Hotel Properties Revenues or Net Sales
152.22M140.2M131.75M136.59M129.06M117.99M110.32M118.34M127.2M118.08M
Cost Of Goods Sold (COGS)94.21M89.81M84.84M86.07M79.49M75.2M71.27M73.53M76.75M74.13M
Summit Hotel Properties Gross Profit
58M50.38M46.93M50.51M49.55M42.78M39.08M44.8M50.43M43.94M
Research & Development Expense----------
Selling General & Admin Expense5.62M6.6M4.6M4.55M5.31M5.49M5.63M5.49M7.11M5.13M
Income Before Depreciation Depletion Amortization52.38M43.78M42.33M45.96M44.24M37.29M33.46M39.31M43.31M38.81M
Depreciation Depletion Amortization24.95M25.24M23.88M23.59M19.73M18.72M18.7M17.88M17.68M18.14M
Non Operating Income20.8M--7.6M16.91M21.85M-11.15M3.57M37.12M
Interest Expense10.4M9.32M8.21M7.76M6.92M6.79M6.87M6.62M7.12M7.48M
Summit Hotel Properties Pretax Income
37.82M9.95M10.86M22.21M34.5M33.62M8.47M25.95M22.09M50.3M
Provision for Income Taxes--1.06M-0.23M---1.91M-1.24M-1.57M
MinorityInterest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations37.58M9.69M9.77M22.39M33.97M33.09M10.37M27.08M21.87M48.49M
Extraordinary Items & Discontinued Operations----------
Summit Hotel Properties Profit/ Loss (Net Income)
37.58M9.69M9.77M22.39M33.97M33.09M10.37M27.08M21.87M48.49M
Average Shares used to compute Diluted EPS103.88M103.9M103.65M103.63M98.71M93.23M88.67M87.4M87.36M87.17M
Average Shares used to compute Basic EPS103.64M103.5M103.27M103.25M98.18M92.76M88.2M86.49M86.43M86.36M
Income Before Nonrecurring Items37.58M9.69M9.77M22.39M33.97M33.09M10.37M27.08M21.87M48.49M
Income from Nonrecurring Items----------
Summit Hotel Properties Earnings Per Share Basic Net
0.330.010.020.180.300.310.040.250.200.51
Summit Hotel Properties Earnings Per Share Diluted Net
0.330.010.020.170.300.310.040.250.200.51
EPS Diluted Before Nonrecurring Items0.330.010.020.170.300.310.040.250.200.51
Preferred Dividends Acc Pd3.37M8.65M7.7M-------
Dividends Common18.8518.8517.73-------
Dividend Per Share Common0.180.180.170.170.170.160.160.130.130.12
All figures in USD. M: Millions of USD, B: Billions of USD.
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The key things to look for in an income statement while doing Summit Hotel Properties stock analysis are:

  • Revenue: This is the inflow that is generated from the sale of goods or services and is $152.22M for this quarter of 2018 Q2. Our Summit Hotel Properties revenue chart gives a clear visual representation of how the topline or sales growth has been. Investors often invest only in those companies where the revenue is growing at a steady rate.
  • Bottom line: The bottomline or the net income figure is arrived at by deducting all expenses from the topline which in this case is $37.58M for INN stock. An improving bottomline implies that the company is growing its profits.

The income statement is also called statement of revenue and expense. The INN financials along with Summit Hotel Properties historical stock prices provide a lot of details about the firm.

Summit Hotel Properties Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
25.67
PS Ratio (price sales ratio)
2.47
Operating Margin
18
Net Profit Margin
24.7
Dividend Yield
5.24%