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Choice Hotels (CHH) Reports Q3 Earnings: What Key Metrics Have to Say
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For the quarter ended September 2023, Choice Hotels (CHH - Free Report) reported revenue of $425.56 million, up 2.7% over the same period last year. EPS came in at $1.82, compared to $1.56 in the year-ago quarter.
The reported revenue represents a surprise of +0.53% over the Zacks Consensus Estimate of $423.33 million. With the consensus EPS estimate being $1.87, the EPS surprise was -2.67%.
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.
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 Choice Hotels performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
RevPAR Growth: -0.8% versus the three-analyst average estimate of 0.1%.
RevPAR: $64.02 versus $63.33 estimated by three analysts on average.
Rooms - Domestic Franchises: 493,034 versus the three-analyst average estimate of 495,029.
Occupancy: 62% versus the two-analyst average estimate of 63.9%.
Total Franchise Rooms: 627,694 compared to the 632,515 average estimate based on two analysts.
Average Daily Rate (ADR): $103.33 versus the two-analyst average estimate of $98.82.
Revenues- Other revenues from franchised and managed properties: $217.63 million versus $201.09 million estimated by five analysts on average.
Revenues- Royalty, licensing and management fees: $148.51 million versus $151.45 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +3.1% change.
Revenues- Owned Hotels: $26.24 million compared to the $22.96 million average estimate based on five analysts. The reported number represents a change of +31.3% year over year.
Revenues- Initial franchise fees: $6.19 million versus the five-analyst average estimate of $8.22 million. The reported number represents a year-over-year change of -11.7%.
Revenues- Platform and procurement services fees: $15.54 million compared to the $17.23 million average estimate based on four analysts. The reported number represents a change of +7.9% year over year.
Revenues- Other revenues: $11.44 million versus the four-analyst average estimate of $21.06 million. The reported number represents a year-over-year change of -63.6%.
Shares of Choice Hotels have returned -6.7% over the past month versus the Zacks S&P 500 composite's +1.5% 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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Choice Hotels (CHH) Reports Q3 Earnings: What Key Metrics Have to Say
For the quarter ended September 2023, Choice Hotels (CHH - Free Report) reported revenue of $425.56 million, up 2.7% over the same period last year. EPS came in at $1.82, compared to $1.56 in the year-ago quarter.
The reported revenue represents a surprise of +0.53% over the Zacks Consensus Estimate of $423.33 million. With the consensus EPS estimate being $1.87, the EPS surprise was -2.67%.
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.
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 Choice Hotels performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- RevPAR Growth: -0.8% versus the three-analyst average estimate of 0.1%.
- RevPAR: $64.02 versus $63.33 estimated by three analysts on average.
- Rooms - Domestic Franchises: 493,034 versus the three-analyst average estimate of 495,029.
- Occupancy: 62% versus the two-analyst average estimate of 63.9%.
- Total Franchise Rooms: 627,694 compared to the 632,515 average estimate based on two analysts.
- Average Daily Rate (ADR): $103.33 versus the two-analyst average estimate of $98.82.
- Revenues- Other revenues from franchised and managed properties: $217.63 million versus $201.09 million estimated by five analysts on average.
- Revenues- Royalty, licensing and management fees: $148.51 million versus $151.45 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +3.1% change.
- Revenues- Owned Hotels: $26.24 million compared to the $22.96 million average estimate based on five analysts. The reported number represents a change of +31.3% year over year.
- Revenues- Initial franchise fees: $6.19 million versus the five-analyst average estimate of $8.22 million. The reported number represents a year-over-year change of -11.7%.
- Revenues- Platform and procurement services fees: $15.54 million compared to the $17.23 million average estimate based on four analysts. The reported number represents a change of +7.9% year over year.
- Revenues- Other revenues: $11.44 million versus the four-analyst average estimate of $21.06 million. The reported number represents a year-over-year change of -63.6%.
View all Key Company Metrics for Choice Hotels here>>>Shares of Choice Hotels have returned -6.7% over the past month versus the Zacks S&P 500 composite's +1.5% 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.