Diamondrock Hospitality Co reports results for the quarter ended in June - Earnings Summary

DiamondRock Hospitality Co

01/08/2024 22:38

* Diamondrock Hospitality Co  DRH.N  reported quarterly
adjusted
earnings of 10 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 17 cents.  The mean expectation of four analysts for the
quarter was for earnings of 17 cents per share. Wall Street
expected results to range from 16 cents to 18 cents per share.
    * Revenue rose 6.2% to $309.28 million from a year ago;
analysts
expected $301.77 million. 
    * Diamondrock Hospitality Co's reported EPS for the quarter
was 10
cents​.
    * The company reported quarterly net income of $22.08
million.
    * Diamondrock Hospitality Co shares had fallen by 2.6% this
quarter and lost 12.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 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 "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 8
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is also "hold"

Wall Street's median 12-month price target for Diamondrock
Hospitality Co is $10.00 
This summary was machine generated from LSEG data August 1 at
09:37 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
 Jun. 30 2024      0.32           0.34           Beat
 Mar. 31 2024      0.16           0.17           Beat
 Dec. 31 2023      0.18           0.18           Met
 Sep. 30 2023      0.24           0.26           Beat