Chatham Lodging Q2 2024 FFO $0.39 Beats $0.36 Estimate, Sales $86.479M Beat $85.732M Estimate
Portfolio Pulse from Benzinga Newsdesk
Chatham Lodging (NYSE:CLDT) reported Q2 2024 earnings per share of $0.39, beating the analyst estimate of $0.36. Sales were $86.479 million, surpassing the $85.732 million estimate. Despite the beat, earnings per share decreased by 9.3% year-over-year.
August 02, 2024 | 10:34 am
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Chatham Lodging reported Q2 2024 earnings per share of $0.39, beating the analyst estimate of $0.36. Sales were $86.479 million, surpassing the $85.732 million estimate. Despite the beat, earnings per share decreased by 9.3% year-over-year.
Chatham Lodging's earnings and sales both beat analyst estimates, which is generally positive for the stock. However, the year-over-year decrease in earnings per share may temper some of the enthusiasm. Overall, the short-term impact is likely positive due to the earnings and sales beats.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100