Americold Realty Trust(US:COLD) ZACKSยท2024-11-07 16:00Core Insights - Americold Realty Trust Inc. reported revenue of $674.17 million for Q3 2024, a year-over-year increase of 0.9%, but below the Zacks Consensus Estimate of $694.97 million, resulting in a surprise of -2.99% [1] - The company achieved an EPS of $0.35, compared to -$0.01 a year ago, but fell short of the consensus EPS estimate of $0.36, leading to an EPS surprise of -2.78% [1] Revenue Breakdown - Revenue from rent, storage, and warehouse services was $612.18 million, slightly below the average estimate of $626.55 million, reflecting a year-over-year increase of 1.6% [3] - Revenue from third-party managed services reached $10.23 million, exceeding the average estimate of $9.24 million, with a year-over-year growth of 5.5% [3] - Global warehouse services generated $349.66 million, surpassing the average estimate of $340.25 million, marking a year-over-year increase of 7.9% [3] - Revenue from global warehouse rent and storage was $262.52 million, below the estimated $286.30 million, showing a decline of 5.7% year-over-year [3] - Transportation services revenue was $51.76 million, exceeding the average estimate of $49.64 million, but represented a year-over-year decrease of 7% [3] Earnings Performance - The diluted net earnings per share were reported at -$0.01, compared to the average estimate of $0.10 [3] Stock Performance - Americold Realty Trust's shares have declined by 5.8% over the past month, contrasting with the Zacks S&P 500 composite's increase of 3.2% [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [4]