Pebblebrook Hotel (PEB) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Pebblebrook Hotel (PEB) reported revenue of $404.53 million for the quarter ended September 2024, reflecting a 2.2% increase year-over-year and a surprise of +0.74% over the Zacks Consensus Estimate of $401.57 million [1] - The company achieved an EPS of $0.59, a significant improvement from -$0.57 in the same quarter last year, with an EPS surprise of +11.32% compared to the consensus estimate of $0.53 [1] Financial Performance Metrics - Same-Property RevPAR growth rate was 2.7%, exceeding the average estimate of 1.8% from three analysts [3] - Total Guest Rooms stood at 12,000, surpassing the two-analyst average estimate of 11,702 [3] - Revenue from Food and Beverage reached $96 million, compared to the estimated $93.64 million, marking a year-over-year increase of +4.7% [3] - Revenue from Other Operating activities was $45.78 million, exceeding the five-analyst average estimate of $44.91 million, representing a +2.3% year-over-year change [3] - Room revenue was reported at $262.76 million, slightly above the $261.92 million average estimate, indicating a +1.3% change year-over-year [3] - Net Earnings Per Share (Diluted) was $0.24, significantly higher than the $0.01 average estimate from five analysts [3] Stock Performance - Shares of Pebblebrook Hotel have returned +3.7% over the past month, outperforming the Zacks S&P 500 composite's +3.2% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]