GreenTree Hospitality Group Ltd reports results for the quarter ended in December - Earnings Summary

GreenTree Hospitality

27/03/2024 12:55

* GreenTree Hospitality Group Ltd  GHG.N  reported quarterly
adjusted earnings of 87 fen​​ per share for the quarter ended in
December.  The mean expectation of two analysts for the quarter
was for earnings of 21 fen per share. Wall Street expected
results to range from -15 fen to 57 fen per share.
    * Revenue was CNY372.16 million​; analysts expected
CNY379.86
million. 
    * GreenTree Hospitality Group Ltd shares had fallen by 15.4%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 63.2%
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 no "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the hotels,
motels &
cruise lines peer group is  "sell."

Wall Street's median 12-month price target for GreenTree
Hospitality Group Ltd is $4.23 
This summary was machine generated from LSEG data March 27 at
12:55 p.m. UTC. ​All figures in Chinese yuan renminbi 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
 Dec. 31 2023      0.21           0.87           Beat
 Sep. 30 2023      1.02           1.25           Beat
 Jun. 30 2023      0.83           1.25           Beat
 Mar. 31 2023      0.59