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Chatham Lodging (CLDT) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended March 2024, Chatham Lodging (CLDT - Free Report) reported revenue of $68.44 million, up 1.2% over the same period last year. EPS came in at $0.16, compared to -$0.14 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $68.79 million, representing a surprise of -0.50%. The company delivered an EPS surprise of +23.08%, with the consensus EPS estimate being $0.13.
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 Chatham Lodging performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Room: $62.48 million versus $61.99 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +1.3% change.
Revenue- Reimbursable costs from related parties: $0.28 million compared to the $0.42 million average estimate based on two analysts. The reported number represents a change of -23.8% year over year.
Net Income (loss) attributable to per common shareholders (Diluted): -$0.15 versus -$0.15 estimated by three analysts on average.
Shares of Chatham Lodging have returned -6.5% over the past month versus the Zacks S&P 500 composite's -1.6% 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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Chatham Lodging (CLDT) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended March 2024, Chatham Lodging (CLDT - Free Report) reported revenue of $68.44 million, up 1.2% over the same period last year. EPS came in at $0.16, compared to -$0.14 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $68.79 million, representing a surprise of -0.50%. The company delivered an EPS surprise of +23.08%, with the consensus EPS estimate being $0.13.
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 Chatham Lodging performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Room: $62.48 million versus $61.99 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +1.3% change.
- Revenue- Reimbursable costs from related parties: $0.28 million compared to the $0.42 million average estimate based on two analysts. The reported number represents a change of -23.8% year over year.
- Net Income (loss) attributable to per common shareholders (Diluted): -$0.15 versus -$0.15 estimated by three analysts on average.
View all Key Company Metrics for Chatham Lodging here>>>Shares of Chatham Lodging have returned -6.5% over the past month versus the Zacks S&P 500 composite's -1.6% 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.