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

Chatham Lodging Trust

02/11/2023 13:32

* Chatham Lodging Trust  CLDT.N  reported quarterly adjusted
earnings of 11 cents​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of 21 cents.  The lone analyst forecast for
the quarter was for earnings of 17 cents per share. 
    * Revenue fell 1.3% to $86.74 million from a year ago;
analysts
expected $86.29 million. 
    * Chatham Lodging Trust's reported EPS for the quarter was
11
cents​.
    * The company reported quarterly net income of $5.34
million.
    * Chatham Lodging Trust shares had fallen by 2.5% this
quarter and
lost 24.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8.3%
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 $13.88 
This summary was machine generated from LSEG data November 2 at
01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.39           0.40           Beat
 Jun. 30 2023      0.39           0.43           Beat
 Mar. 31 2023      0.13           0.16           Beat
 Dec. 31 2022      0.18           0.20           Beat