Xenia Hotels & Resorts Q1 2024 FFO $0.44 Beats $0.36 Estimate, Sales $267.488M Beat $258.426M Estimate
Portfolio Pulse from Benzinga Newsdesk
Xenia Hotels & Resorts (NYSE:XHR) reported Q1 2024 FFO of $0.44 per share, surpassing the $0.36 estimate, and sales of $267.488M, beating the $258.426M estimate. This represents a 10% increase in earnings per share and a slight 0.55% decrease in sales from the same period last year.
May 02, 2024 | 8:35 pm
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POSITIVE IMPACT
Xenia Hotels & Resorts reported a strong Q1 2024 with FFO and sales beating estimates, showing a 10% increase in earnings per share from last year despite a minor sales decrease.
The positive earnings and sales beat indicate a strong financial performance by Xenia Hotels & Resorts, likely leading to increased investor confidence and potentially a positive short-term impact on the stock price. The 10% increase in earnings per share is particularly significant, showcasing growth and operational efficiency. Despite the slight decrease in sales, the overall positive results could outweigh this minor setback in the eyes of investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100