Extended Stay America, Inc. STAY operates hotels in the United States and Canada. The company operates under the Extended Stay America brand; Extended Stay Canada brand and the Crossland Economy Studios brand.The transformational initiatives undertaken by Extended Stay have been boosting RevPAR at its properties. These initiatives include better service, improving margins through operational efficiency, increasing brand awareness through targeted marketing efforts and upgrading properties to optimize returns. However, renovation of the company’s properties has hurt occupancy rate due to displacement.Investors should also note the recent earnings estimate revisions for STAY, as the consensus estimate has remained stable. Further, Extended Stay has posted positive earnings surprises in all of the trailing four quarters, making for an average positive earnings surprise of around 9.65%.Currently, STAY has a Zacks Rank #4 (Sell) but that could change following Extended Stay’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:Earnings:STAY beat on earnings. Our consensus earnings estimate called for earnings of 12 cents per share and the company reported EPS of 13 cents per share. Investors should note that these figures take out stock option expenses.Revenues:STAY reported revenues of $288 million. This missed our consensus estimate of $290 million.Key Stats to Note: Revenue per available room (RevPAR) improved 8.2% year over year, driven by an improvement in average daily rate (ADR) of 9.5% and offset by decreased occupancy. Hotel operating margin increased 30 basis points (bps) to 50.4%.The company expects total revenues to range from $1.27 billion to $1.29 billion in 2016.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report EXTENDED STAY (STAY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research