Americold Realty Trust(US:COLD) ZACKSยท2024-08-08 15:00Core Insights - Americold Realty Trust Inc. reported revenue of $660.96 million for the quarter ended June 2024, reflecting a year-over-year increase of 1.8% and an EPS of $0.38, a significant improvement from -$0.36 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate of $669.86 million, resulting in a surprise of -1.33%, while the EPS exceeded expectations by 15.15% compared to the consensus estimate of $0.33 [1] Revenue Breakdown - Revenue from rent, storage, and warehouse services was $600.39 million, slightly below the average estimate of $601.04 million, marking a year-over-year increase of 3.3% [3] - Revenue from third-party managed services was $9.93 million, which was lower than the average estimate of $10.01 million, representing a year-over-year decline of 4.2% [4] - Global warehouse services generated $332.72 million, exceeding the average estimate of $323.87 million, with a year-over-year increase of 8.7% [5] - Revenue from global warehouse rent and storage was $267.67 million, below the average estimate of $277.17 million, indicating a year-over-year decrease of 2.7% [6] - Transportation services revenue was $50.64 million, significantly lower than the average estimate of $55.64 million, reflecting a year-over-year decline of 12.8% [7] Earnings Performance - The diluted net earnings per share were reported at -$0.23, which was below the average estimate of $0.07 from analysts [8] - Over the past month, shares of Americold Realty Trust have returned +8.2%, contrasting with the Zacks S&P 500 composite's decline of -6.5% [8] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [8]