Chatham Lodging Trust reports results for the quarter ended in September 30 - Earnings Summary

Chatham Lodging Trust

07/11/2024 14:38

* Chatham Lodging Trust  CLDT.N  reported quarterly adjusted
earnings of 5 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 11 cents.  The lone analyst forecast for the
quarter was for earnings of 3 cents per share. 
    * Revenue rose 0.5% to $87.18 million from a year ago;
analysts
expected $87.78 million. 
    * Chatham Lodging Trust's reported EPS for the quarter was 5
cents​.
    * The company reported quarterly net income of $2.26
million.
    * Chatham Lodging Trust shares had fallen by 1.3% this
quarter and
lost 21.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 11.00 
This summary was machine generated from LSEG data November 7 at
02:37 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
 Sep. 30 2024      0.35           0.35           Met
 Jun. 30 2024      0.36           0.39           Beat
 Mar. 31 2024      0.13                          
 Dec. 31 2023      0.15