Chatham Lodging Trust expected to post earnings of 3 cents a share - Earnings Preview

Chatham Lodging Trust

06/11/2024 14:10

* Chatham Lodging Trust  CLDT.N   CLDT.K  is expected
to show a
rise in quarterly revenue when it reports  results on November 7
for the period ending September 30 2024
    * The Palm Beach Florida-based  company is expected to
report a
1.2% increase in revenue to $87.776 million from $86.74 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data.The company's guidance on August 2 2024, for
the period ended September 30, was for revenue between $86.20
million and $88.10 million.
    * ​LSEG's mean analyst estimate for Chatham Lodging Trust is
for
earnings of 3 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Chatham
Lodging
Trust is $11.00​, above​ its last closing price of $7.90. ​​​

The company's guidance on August 2 2024 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of of USD28.1 million.The
company's guidance on August 2 2024 for the period ended
September 30 was for Funds Flow from Operations between USD0.31
and USD0.36.
This summary was machine generated November 6 at 14:10 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)