Pebblebrook Hotel Q2 EPS $0.62 Down From $0.72 YoY, Sales $384.34M Beat $378.51M Estimate
Portfolio Pulse from sunil@benzinga.com
Pebblebrook Hotel (NYSE:PEB) reported Q2 earnings of $0.62 per share, a decrease of 13.89% YoY. The company's quarterly sales were $384.34 million, beating the analyst consensus estimate of $378.51 million by 1.54%, but representing a 3.32% decrease YoY.
July 27, 2023 | 8:30 pm
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NEGATIVE IMPACT
Pebblebrook Hotel's Q2 earnings per share decreased by 13.89% YoY, while sales beat estimates but were down 3.32% YoY.
Pebblebrook Hotel's earnings per share decreased compared to the same period last year, which could negatively impact the stock price. However, the company beat sales estimates, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100