Pebblebrook Hotel (PEB) Q3 FFO and Revenues Beat Estimates
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Pebblebrook Hotel (PEB) reported Q3 funds from operations (FFO) of $0.59 per share, surpassing the Zacks Consensus Estimate of $0.53 per share. This is a slight decrease from the $0.61 per share reported a year ago.
November 08, 2024 | 1:00 am
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Pebblebrook Hotel (PEB) reported Q3 FFO of $0.59 per share, exceeding expectations of $0.53. This positive earnings surprise may boost investor confidence despite a slight year-over-year decline.
PEB's Q3 FFO exceeded analyst expectations, which is typically viewed positively by investors and can lead to a short-term increase in stock price. The slight year-over-year decline is less significant given the beat on estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100