Pebblebrook Hotel Trust reports results for the quarter ended September 30 - Earnings Summary

Pebblebrook Hotel Trust

09/11/2024 12:28

* Pebblebrook Hotel Trust  PEB.N  reported quarterly
adjusted
earnings of 24 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of -57 cents.  The mean expectation of
four analysts for the quarter was for breakeven results per
share. Wall Street expected results to range from -3 cents to 4
cents per share.
    * Revenue rose 2.2% to $404.53 million from a year ago;
analysts
expected $400.42 million. 
    * Pebblebrook Hotel Trust's reported EPS for the quarter was
24
cents​.
    * The company reported quarterly net income of $33.03
million.
    * Pebblebrook Hotel Trust shares had risen by 0.2% this
quarter and lost 17.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.2%
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 14.38 
This summary was machine generated from LSEG data November 9 at
12:28 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
 Sep. 30 2024      0.52           0.59           Beat
 Jun. 30 2024      0.61           0.69           Beat
 Mar. 31 2024      0.15           0.21           Beat
 Dec. 31 2023      0.14           0.21           Beat