Ashford Hospitality Trust (AHT) Reports Q4 Loss, Tops Revenue Estimates

Core Insights - Ashford Hospitality Trust (AHT) reported a quarterly loss of $2.21 per share, significantly worse than the Zacks Consensus Estimate of $1.56, but an improvement from a loss of $3.60 per share a year ago [1] - The company posted revenues of $275.48 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 4.19%, but down from $319.88 million year-over-year [2] - The stock has gained approximately 18.4% since the beginning of the year, outperforming the S&P 500's gain of 1.7% [3] Financial Performance - The FFO surprise for the latest quarter was -241.67%, following a previous quarter where the expected FFO was $0.70 per share, but the actual result was a loss of $1.71, leading to a surprise of -344.29% [1][2] - Over the last four quarters, AHT has surpassed consensus FFO estimates only once [2] Future Outlook - The sustainability of the stock's price movement will largely depend on management's commentary during the earnings call and the company's FFO outlook [3][4] - Current consensus FFO estimate for the upcoming quarter is -$1.47 on revenues of $272.3 million, and for the current fiscal year, it is $8.70 on revenues of $1.15 billion [7] Industry Context - The REIT and Equity Trust - Other industry, to which AHT belongs, is currently ranked in the bottom 46% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in estimate revisions, which could impact AHT's performance [5][6]