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Choice Hotels (CHH) Reports Q2 Earnings: What Key Metrics Have to Say
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For the quarter ended June 2024, Choice Hotels (CHH - Free Report) reported revenue of $435.16 million, up 1.8% over the same period last year. EPS came in at $1.84, compared to $1.75 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $441.3 million, representing a surprise of -1.39%. The company delivered an EPS surprise of -1.60%, with the consensus EPS estimate being $1.87.
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 Choice Hotels performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
RevPAR Growth
: -0.5% versus 1% estimated by three analysts on average.
RevPAR
: $60 compared to the $61.34 average estimate based on three analysts.
Rooms - Domestic Franchises
: 494,083 versus the three-analyst average estimate of 494,202.
Occupancy
: 60.3% compared to the 61.2% average estimate based on two analysts.
Total Franchise Rooms
: 631,063 versus 637,294 estimated by two analysts on average.
Average Daily Rate (ADR)
: $99.46 versus $100.52 estimated by two analysts on average.
Revenues- Other revenues from franchised and managed properties
: $215.20 million versus $221.21 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +0.4% change.
Revenues- Royalty, licensing and management fees
: $141.81 million compared to the $144.67 million average estimate based on five analysts. The reported number represents a change of +0.9% year over year.
Revenues- Owned Hotels
: $28.42 million versus $26.57 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +11.4% change.
Revenues- Initial franchise fees
: $6.56 million compared to the $7.34 million average estimate based on five analysts. The reported number represents a change of -8.4% year over year.
Revenues- Platform and procurement services fees
: $28.13 million compared to the $29.46 million average estimate based on four analysts. The reported number represents a change of -2.3% year over year.
Revenues- Other revenues
: $15.04 million compared to the $12.82 million average estimate based on four analysts. The reported number represents a change of +34.9% year over year.
Shares of Choice Hotels have returned +2.2% over the past month versus the Zacks S&P 500 composite's -6.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Choice Hotels (CHH) Reports Q2 Earnings: What Key Metrics Have to Say
For the quarter ended June 2024, Choice Hotels (CHH - Free Report) reported revenue of $435.16 million, up 1.8% over the same period last year. EPS came in at $1.84, compared to $1.75 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $441.3 million, representing a surprise of -1.39%. The company delivered an EPS surprise of -1.60%, with the consensus EPS estimate being $1.87.
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 Choice Hotels performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Choice Hotels here>>>RevPAR Growth
: -0.5% versus 1% estimated by three analysts on average.RevPAR
: $60 compared to the $61.34 average estimate based on three analysts.Rooms - Domestic Franchises
: 494,083 versus the three-analyst average estimate of 494,202.Occupancy
: 60.3% compared to the 61.2% average estimate based on two analysts.Total Franchise Rooms
: 631,063 versus 637,294 estimated by two analysts on average.Average Daily Rate (ADR)
: $99.46 versus $100.52 estimated by two analysts on average.Revenues- Other revenues from franchised and managed properties
: $215.20 million versus $221.21 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +0.4% change.Revenues- Royalty, licensing and management fees
: $141.81 million compared to the $144.67 million average estimate based on five analysts. The reported number represents a change of +0.9% year over year.Revenues- Owned Hotels
: $28.42 million versus $26.57 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +11.4% change.Revenues- Initial franchise fees
: $6.56 million compared to the $7.34 million average estimate based on five analysts. The reported number represents a change of -8.4% year over year.Revenues- Platform and procurement services fees
: $28.13 million compared to the $29.46 million average estimate based on four analysts. The reported number represents a change of -2.3% year over year.Revenues- Other revenues
: $15.04 million compared to the $12.82 million average estimate based on four analysts. The reported number represents a change of +34.9% year over year.Shares of Choice Hotels have returned +2.2% over the past month versus the Zacks S&P 500 composite's -6.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.