Brokerages Expect Condor Hospitality Trust, Inc. (NASDAQ:CDOR) Will Post Quarterly Sales of $15.73 Million

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Equities analysts expect that Condor Hospitality Trust, Inc. (NASDAQ:CDOR) will announce sales of $15.73 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Condor Hospitality Trust’s earnings. The lowest sales estimate is $14.84 million and the highest is $16.35 million. Condor Hospitality Trust reported sales of $15.46 million in the same quarter last year, which indicates a positive year over year growth rate of 1.7%. The business is scheduled to issue its next earnings report on Monday, November 11th.

According to Zacks, analysts expect that Condor Hospitality Trust will report full year sales of $64.72 million for the current fiscal year, with estimates ranging from $62.14 million to $66.01 million. For the next financial year, analysts expect that the firm will post sales of $65.59 million, with estimates ranging from $62.68 million to $68.50 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Condor Hospitality Trust.

NASDAQ:CDOR traded up $0.01 during trading hours on Monday, reaching $11.06. 200 shares of the company traded hands, compared to its average volume of 35,954. The firm has a 50-day moving average price of $11.02. Condor Hospitality Trust has a 1 year low of $6.10 and a 1 year high of $11.32.

About Condor Hospitality Trust

Condor Hospitality Trust, Inc (NYSE American: CDOR) is a self-administered real estate investment trust that specializes in the investment and ownership of upper midscale and upscale, premium-branded, select-service, extended-stay, and limited-service hotels in the top 100 Metropolitan Statistical Areas (“MSAs”) with a particular focus on the top 20 to 60 MSAs.

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