RLJ Lodging (RLJ) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

Core Viewpoint - RLJ Lodging reported a revenue of $369.3 million for the quarter ended June 2024, marking a year-over-year increase of 3.5% and an EPS of $0.51, up from $0.22 a year ago, exceeding both revenue and EPS estimates [1] Revenue Performance - Room revenue was $303.65 million, slightly above the estimated $302.64 million, reflecting a year-over-year increase of 2.8% [3] - Other revenue reached $24.80 million, surpassing the estimated $24.04 million, with a year-over-year change of 6.3% [4] - Food and beverage revenue totaled $40.84 million, exceeding the average estimate of $39.87 million, representing a year-over-year increase of 7.1% [5] Earnings Performance - Net Earnings Per Share (Diluted) was reported at $0.20, compared to the average estimate of $0.14 [6] Stock Performance - RLJ Lodging shares returned +0.8% over the past month, while the Zacks S&P 500 composite increased by +1.1% [6]