Chatham Lodging Trust expected to post a loss of 16 cents a share - Earnings Preview

Chatham Lodging Trust

03/05/2024 16:22

* Chatham Lodging Trust  CLDT.N   CLDT.K  is expected
to show a
rise in quarterly revenue when it reports  results on May 6 for
the period ending March 31 2024
    * The Palm Beach Florida-based  company is expected to
report a
0.7% increase in revenue to $68.11 million from $67.61 million a
year ago, according to the mean estimate from 4 analysts, based
on LSEG data.The company's guidance on February 27 2024, for the
period ended March 31, was for revenue between $67.00 million
and $69.00 million.
    * ​LSEG's mean analyst estimate for Chatham Lodging Trust is
for a
loss of 16 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 1.7%
in the last three months. ​
    * Wall Street's median 12-month price target for Chatham
Lodging
Trust is $12.50​, above​ its last closing price of $9.17. ​​​

The company's guidance on February 27 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD67 million and USD18.2
million.The company's guidance on February 27 2024 for the
period ended March 31 was for Funds Flow from Operations between
USD0.1 and USD0.14.
This summary was machine generated May 3 at 15:22 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)