Compared to Estimates, Chatham Lodging (CLDT) Q3 Earnings: A Look at Key Metrics

Core Insights - Chatham Lodging (CLDT) reported revenue of $87.18 million for the quarter ended September 2024, reflecting a year-over-year increase of 0.5% [1] - The earnings per share (EPS) for the same period was $0.35, compared to $0.11 a year ago, indicating significant growth [1] - The reported revenue fell short of the Zacks Consensus Estimate of $87.63 million, resulting in a surprise of -0.52% [1] - The company met the consensus EPS estimate of $0.35, showing no surprise in earnings [1] Revenue Breakdown - Room revenue was $80.24 million, slightly below the average estimate of $81.02 million from three analysts, with a year-over-year change of +0.5% [3] - Reimbursable costs from related parties were reported at $0.28 million, compared to the estimated $0.31 million, reflecting a +0.7% change year-over-year [3] Net Income - Net income attributable to common shareholders (diluted) was $0.05, exceeding the average estimate of $0.04 from three analysts [3] Stock Performance - Chatham Lodging shares have returned +1.5% over the past month, while the Zacks S&P 500 composite has seen a +3.2% change [4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [4]