Pebblebrook Hotel Trust reports results for the quarter ended in June - Earnings Summary

Pebblebrook Hotel Trust

24/07/2024 23:04

* Pebblebrook Hotel Trust  PEB.N  reported quarterly
adjusted
earnings of 16 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 24 cents.  The mean expectation of four analysts for the
quarter was for earnings of 7 cents per share. Wall Street
expected results to range from 3 cents to 8 cents per share.
    * Revenue rose 3.3% to $397.11 million from a year ago;
analysts
expected $396.29 million. 
    * Pebblebrook Hotel Trust's reported EPS for the quarter was
16
cents​.
    * The company reported quarterly net income of $20.3
million.
    * Pebblebrook Hotel Trust shares had risen by 2.5% this
quarter and lost 11.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 8.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 11
"hold" and 2 "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 Pebblebrook Hotel
Trust is $15.50 
This summary was machine generated from LSEG data July 24 at
10:04 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      0.61           0.69           Beat
 Mar. 31 2024      0.15           0.21           Beat
 Dec. 31 2023      0.14           0.21           Beat
 Sep. 30 2023      0.58           0.61           Beat