Chatham Lodging Trust reports results for the quarter ended in January - Earnings Summary

Chatham Lodging Trust

02/08/2024 15:24

* Chatham Lodging Trust  CLDT.N  reported quarterly adjusted
earnings of 10 cents​​ per share for the quarter ended in
January, lower than the same quarter last year, when the company
reported EPS of 15 cents.  The lone analyst forecast for the
quarter was for earnings of 6 cents per share. 
    * Revenue rose 2.4% to $86.48 million from a year ago;
analysts
expected $85.73 million. 
    * Chatham Lodging Trust's reported EPS for the quarter was
10
cents​.
    * The company reported quarterly net income of $4.86
million.
    * Chatham Lodging Trust shares had risen by 1.8% this
quarter and
lost 19.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 14.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the specialized
reits
peer group is also "buy"

Wall Street's median 12-month price target for Chatham Lodging
Trust is $12.50 
This summary was machine generated from LSEG data August 2 at
02:24 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.36           0.39           Beat
 Mar. 31 2024      0.13           0.16           Beat
 Dec. 31 2023      0.15           0.19           Beat
 Sep. 30 2023      0.39           0.40           Beat