Workflow
Compared to Estimates, Chatham Lodging (CLDT) Q3 Earnings: A Look at Key Metrics
CLDTChatham Lodging Trust(CLDT) ZACKS·2024-11-07 15:36

Core Insights - Chatham Lodging (CLDT) reported revenue of 87.18millionforthequarterendedSeptember2024,reflectingayear−over−yearincreaseof0.587.18 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 0.11ayearago,indicatingsignificantgrowth[1]−ThereportedrevenuefellshortoftheZacksConsensusEstimateof0.11 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,showingnosurpriseinearnings[1]RevenueBreakdown−Roomrevenuewas0.35, showing no surprise in earnings [1] Revenue Breakdown - Room revenue was 80.24 million, slightly below the average estimate of 81.02millionfromthreeanalysts,withayear−over−yearchangeof+0.581.02 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 0.31million,reflectinga+0.70.31 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]