Choice Hotels International Inc reports results for the quarter ended in June - Earnings Summary

Choice Hotels International

08/08/2024 14:32

* Choice Hotels International Inc  CHH.N  reported quarterly
adjusted earnings of $1.84​​ per share for the quarter ended in
June, higher than the same quarter last year, when the company
reported EPS of $1.75.  The mean expectation of ten analysts for
the quarter was for earnings of $1.86 per share. Wall Street
expected results to range from $1.79  to $1.95 per share.
    * Revenue rose 1.8% to $435.16 million from a year ago;
analysts
expected $438.23 million. 
    * Choice Hotels International Inc's reported EPS for the
quarter
was $1.80​.
    * The company reported quarterly net income of $87.14
million.
    * Choice Hotels International Inc shares had risen by 4.0%
this
quarter and gained 9.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 5
"hold" and 3 "sell" or "strong sell." 
    * The average consensus recommendation for the hotels,
motels &
cruise lines peer group is also "hold"

Wall Street's median 12-month price target for Choice Hotels
International Inc is $127.00 
This summary was machine generated from LSEG data August 8 at
01:32 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      1.86           1.84           Missed
 Mar. 31 2024      1.14           1.28           Beat
 Dec. 31 2023      1.35           1.44           Beat
 Sep. 30 2023      1.85           1.82           Missed