Braemar Hotels & Resorts Q2 2024 FFO $0.10 Misses $0.14 Estimate, Sales $187.587M Beat $185.095M Estimate
Portfolio Pulse from Benzinga Newsdesk
Braemar Hotels & Resorts (NYSE:BHR) reported Q2 2024 earnings per share of $0.10, missing the analyst estimate of $0.14 by 28.57%. However, the company beat sales estimates with $187.587 million, a slight increase from last year.
July 31, 2024 | 9:13 pm
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Braemar Hotels & Resorts reported Q2 2024 earnings per share of $0.10, missing the analyst estimate of $0.14 by 28.57%. However, the company beat sales estimates with $187.587 million, a slight increase from last year.
The significant miss on earnings per share (EPS) is likely to negatively impact investor sentiment in the short term, despite the slight beat on sales estimates. The 50% decrease in EPS compared to the same period last year further adds to the negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100