Ashford Hospitality Trust Q3 AFFO $0.08 Down From $0.52 YoY, Sales $343.00M Beat $320.62M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ashford Hospitality Trust (NYSE:AHT) reported Q3 earnings of $0.08 per share, a decrease of 84.62% YoY. However, the company's quarterly sales of $343.00 million beat the analyst consensus estimate of $320.62 million by 6.98%, marking a 4.52% increase over sales from the same period last year.
November 07, 2023 | 10:35 pm
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NEUTRAL IMPACT
Ashford Hospitality Trust's Q3 earnings fell significantly YoY, but sales exceeded estimates and showed a YoY increase.
While the significant decrease in earnings YoY is a negative signal, the fact that sales beat estimates and increased YoY could offset this impact in the short term. Therefore, the short term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100