Ashford Hospitality Trust Q2 2024 FFO $0.27 Beats $0.13 Estimate, Sales $316.482M Beat $308.900M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ashford Hospitality Trust (NYSE:AHT) reported Q2 2024 earnings per share of $0.27, significantly beating the analyst estimate of $0.13. The company also reported sales of $316.482 million, surpassing the $308.900 million estimate. However, sales decreased by 15.77% compared to the same period last year.
July 30, 2024 | 8:24 pm
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Ashford Hospitality Trust (NYSE:AHT) reported Q2 2024 earnings per share of $0.27, significantly beating the analyst estimate of $0.13. The company also reported sales of $316.482 million, surpassing the $308.900 million estimate. However, sales decreased by 15.77% compared to the same period last year.
The significant beat on both EPS and sales estimates is likely to have a positive short-term impact on AHT's stock price. However, the year-over-year decline in sales may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100