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Compared to Estimates, Pebblebrook Hotel (PEB) Q2 Earnings: A Look at Key Metrics
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Pebblebrook Hotel (PEB - Free Report) reported $384.34 million in revenue for the quarter ended June 2023, representing a year-over-year decline of 3.3%. EPS of $0.62 for the same period compares to $0.12 a year ago.
The reported revenue represents a surprise of +0.58% over the Zacks Consensus Estimate of $382.14 million. With the consensus EPS estimate being $0.56, the EPS surprise was +10.71%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Pebblebrook Hotel performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Same-Property RevPAR growth rate: 0% versus 1.95% estimated by three analysts on average.
Total Guest Rooms: 12200 versus 11646 estimated by two analysts on average.
Revenue- Room: $250.93 million compared to the $252.70 million average estimate based on four analysts. The reported number represents a change of -4% year over year.
Revenue- Other operating: $39.66 million versus $34.97 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +12% change.
Revenue- Food and beverage: $93.75 million versus $94.62 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -6.9% change.
Net Earnings Per Share (Diluted): $0.24 versus the four-analyst average estimate of $0.17.
Shares of Pebblebrook Hotel have returned +4.3% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Pebblebrook Hotel (PEB) Q2 Earnings: A Look at Key Metrics
Pebblebrook Hotel (PEB - Free Report) reported $384.34 million in revenue for the quarter ended June 2023, representing a year-over-year decline of 3.3%. EPS of $0.62 for the same period compares to $0.12 a year ago.
The reported revenue represents a surprise of +0.58% over the Zacks Consensus Estimate of $382.14 million. With the consensus EPS estimate being $0.56, the EPS surprise was +10.71%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Pebblebrook Hotel performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Same-Property RevPAR growth rate: 0% versus 1.95% estimated by three analysts on average.
- Total Guest Rooms: 12200 versus 11646 estimated by two analysts on average.
- Revenue- Room: $250.93 million compared to the $252.70 million average estimate based on four analysts. The reported number represents a change of -4% year over year.
- Revenue- Other operating: $39.66 million versus $34.97 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +12% change.
- Revenue- Food and beverage: $93.75 million versus $94.62 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -6.9% change.
- Net Earnings Per Share (Diluted): $0.24 versus the four-analyst average estimate of $0.17.
View all Key Company Metrics for Pebblebrook Hotel here>>>Shares of Pebblebrook Hotel have returned +4.3% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.