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Xenia Hotels & Resorts (XHR) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
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Xenia Hotels & Resorts (XHR - Free Report) reported $232.02 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 3.6%. EPS of $0.26 for the same period compares to -$0.01 a year ago.
The reported revenue represents a surprise of +0.65% over the Zacks Consensus Estimate of $230.52 million. With the consensus EPS estimate being $0.27, the EPS surprise was -3.70%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Xenia Hotels & Resorts performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total Portfolio Number of Rooms: 9,511 compared to the 9,510 average estimate based on two analysts.
Same-Property Average occupancy: 63.8% versus the two-analyst average estimate of 66.2%.
Revenues- Food and beverage: $71.82 million compared to the $73.59 million average estimate based on six analysts. The reported number represents a change of -5.7% year over year.
Revenues- Room: $138.67 million versus $138.29 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -2.8% change.
Revenues- Other: $21.54 million versus the six-analyst average estimate of $19.59 million. The reported number represents a year-over-year change of -1.7%.
Net Earnings Per Share (Diluted): -$0.08 versus -$0.06 estimated by six analysts on average.
Shares of Xenia Hotels & Resorts have returned -2.6% over the past month versus the Zacks S&P 500 composite's -2.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Xenia Hotels & Resorts (XHR) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Xenia Hotels & Resorts (XHR - Free Report) reported $232.02 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 3.6%. EPS of $0.26 for the same period compares to -$0.01 a year ago.
The reported revenue represents a surprise of +0.65% over the Zacks Consensus Estimate of $230.52 million. With the consensus EPS estimate being $0.27, the EPS surprise was -3.70%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Xenia Hotels & Resorts performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total Portfolio Number of Rooms: 9,511 compared to the 9,510 average estimate based on two analysts.
- Same-Property Average occupancy: 63.8% versus the two-analyst average estimate of 66.2%.
- Revenues- Food and beverage: $71.82 million compared to the $73.59 million average estimate based on six analysts. The reported number represents a change of -5.7% year over year.
- Revenues- Room: $138.67 million versus $138.29 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -2.8% change.
- Revenues- Other: $21.54 million versus the six-analyst average estimate of $19.59 million. The reported number represents a year-over-year change of -1.7%.
- Net Earnings Per Share (Diluted): -$0.08 versus -$0.06 estimated by six analysts on average.
View all Key Company Metrics for Xenia Hotels & Resorts here>>>Shares of Xenia Hotels & Resorts have returned -2.6% over the past month versus the Zacks S&P 500 composite's -2.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.