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

Chatham Lodging Trust

06/05/2024 14:32

* Chatham Lodging Trust  CLDT.N  reported a quarterly
adjusted
loss of 15 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of -14 cents.  The lone analyst forecast for the quarter was
for a loss of 16 cents per share. 
    * Revenue rose 1.2% to $68.44 million from a year ago;
analysts
expected $68.11 million. 
    * Chatham Lodging Trust's reported EPS for the quarter was a
loss
of 15 cents​.
    * The company reported a quarterly loss of $7.21 million.
    * Chatham Lodging Trust shares had fallen by 9.2% this
quarter and
lost 14.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 17.2%
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 3 "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 May 6 at 01:31
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
 Mar. 31 2024      0.13           0.16           Beat
 Dec. 31 2023      0.15           0.19           Beat
 Sep. 30 2023      0.39           0.40           Beat
 Jun. 30 2023      0.39           0.43           Beat