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

Choice Hotels International

08/05/2024 14:31

* Choice Hotels International Inc  CHH.N  reported quarterly
adjusted earnings of $1.28​​ per share for the quarter ended in
March, higher than the same quarter last year, when the company
reported EPS of $1.12.  The mean expectation of nine analysts
for the quarter was for earnings of $1.14 per share. Wall Street
expected results to range from $1.08  to $1.22 per share.
    * Revenue fell 0.3% to $331.95 million from a year ago;
analysts
expected $343.17 million. 
    * Choice Hotels International Inc's reported EPS for the
quarter
was 62 cents​.
    * The company reported quarterly net income of $31.01
million.
    * Choice Hotels International Inc shares had fallen by 3.3%
this
quarter and gained 7.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.1%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 6
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the hotels,
motels &
cruise lines peer group is  "hold."

Wall Street's median 12-month price target for Choice Hotels
International Inc is $128.00 
This summary was machine generated from LSEG data May 8 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      1.14           1.28           Beat
 Dec. 31 2023      1.35           1.44           Beat
 Sep. 30 2023      1.85           1.82           Missed
 Jun. 30 2023      1.69           1.75           Beat