RLJ Lodging Q1 2024 GAAP EPS $(0.01), Inline, Sales $324.410M Beat $322.757M Estimate
Portfolio Pulse from Benzinga Newsdesk
RLJ Lodging reported Q1 2024 GAAP EPS of $(0.01), meeting analyst estimates but marking a 133.33% decrease from the previous year's earnings. Sales reached $324.410M, exceeding expectations and showing a 3.15% increase from last year.
May 01, 2024 | 9:25 pm
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NEUTRAL IMPACT
RLJ Lodging's Q1 2024 earnings report showed a significant decrease in EPS compared to last year, but sales exceeded expectations and grew from the previous year.
While RLJ Lodging's EPS met analyst expectations, the significant decrease from the previous year could concern investors. However, the sales growth and beat on revenue estimates might offset negative sentiment, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100