GreenTree Hospitality Group Ltd reports results for the quarter ended September 30 - Earnings Summary

GreenTree Hospitality

21/11/2024 12:47

* GreenTree Hospitality Group Ltd  GHG.N  reported quarterly
adjusted earnings of 92 fen​​ per share for the quarter ended
September 30, lower than the same quarter last year, when the
company reported EPS of CNY1.25.  The lone analyst forecast for
the quarter was for earnings of 67 fen per share. 
    * Revenue fell 22.5% to CNY356.98 million from a year ago;
analysts expected CNY379.03 million. 
    * GreenTree Hospitality Group Ltd shares had fallen by 12.3%
this
quarter and lost 27.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 no "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 GreenTree
Hospitality Group Ltd is $3.60 
This summary was machine generated from LSEG data November 21 at
12:47 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
 Sep. 30 2024      0.67           0.92           Beat
 Dec. 31 2023      0.21           0.87           Beat