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

DiamondRock Hospitality Co

03/05/2024 17:12

* Diamondrock Hospitality Co  DRH.N  reported quarterly
adjusted
earnings of 3 cents​​ per share for the quarter ended in March,
identical to the same quarter last year.  The mean expectation
of four analysts for the quarter was for earnings of 2 cents per
share. Wall Street expected results to range from 1 cents to 4
cents per share.
    * Revenue rose 5.3% to $256.42 million from a year ago;
analysts
expected $248.91 million. 
    * Diamondrock Hospitality Co's reported EPS for the quarter
was 3
cents​.
    * The company reported quarterly net income of $5.87
million.
    * Diamondrock Hospitality Co shares had fallen by 8.7% this
quarter and lost 6.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.5%
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 "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 8
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is  "hold."

Wall Street's median 12-month price target for Diamondrock
Hospitality Co is $10.25 
This summary was machine generated from LSEG data May 3 at 04:12
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      0.16           0.17           Beat
 Dec. 31 2023      0.18           0.18           Met
 Sep. 30 2023      0.24           0.26           Beat
 Jun. 30 2023      0.33           0.32           Missed