We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Countdown to DiamondRock Hospitality (DRH) Q4 Earnings: A Look at Estimates Beyond Revenue and EPS
Read MoreHide Full Article
Analysts on Wall Street project that DiamondRock Hospitality (DRH - Free Report) will announce quarterly earnings of $0.18 per share in its forthcoming report, representing a decline of 21.7% year over year. Revenues are projected to reach $259.06 million, increasing 1.6% from the same quarter last year.
The consensus EPS estimate for the quarter has undergone a downward revision of 6.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain DiamondRock Hospitality metrics that are commonly tracked and forecasted by Wall Street analysts.
According to the collective judgment of analysts, 'Revenue- Other' should come in at $22.99 million. The estimate indicates a year-over-year change of +4.3%.
The combined assessment of analysts suggests that 'Revenue- Food and beverage' will likely reach $62.65 million. The estimate indicates a change of +1.2% from the prior-year quarter.
Based on the collective assessment of analysts, 'Revenue- Rooms' should arrive at $172.87 million. The estimate suggests a change of +1.1% year over year.
The consensus estimate for 'Depreciation and amortization' stands at $27.74 million. The estimate is in contrast to the year-ago figure of $27.75 million.
Shares of DiamondRock Hospitality have demonstrated returns of -4.8% over the past month compared to the Zacks S&P 500 composite's +5.2% change. With a Zacks Rank #3 (Hold), DRH is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Countdown to DiamondRock Hospitality (DRH) Q4 Earnings: A Look at Estimates Beyond Revenue and EPS
Analysts on Wall Street project that DiamondRock Hospitality (DRH - Free Report) will announce quarterly earnings of $0.18 per share in its forthcoming report, representing a decline of 21.7% year over year. Revenues are projected to reach $259.06 million, increasing 1.6% from the same quarter last year.
The consensus EPS estimate for the quarter has undergone a downward revision of 6.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain DiamondRock Hospitality metrics that are commonly tracked and forecasted by Wall Street analysts.
According to the collective judgment of analysts, 'Revenue- Other' should come in at $22.99 million. The estimate indicates a year-over-year change of +4.3%.
The combined assessment of analysts suggests that 'Revenue- Food and beverage' will likely reach $62.65 million. The estimate indicates a change of +1.2% from the prior-year quarter.
Based on the collective assessment of analysts, 'Revenue- Rooms' should arrive at $172.87 million. The estimate suggests a change of +1.1% year over year.
The consensus estimate for 'Depreciation and amortization' stands at $27.74 million. The estimate is in contrast to the year-ago figure of $27.75 million.
View all Key Company Metrics for DiamondRock Hospitality here>>>
Shares of DiamondRock Hospitality have demonstrated returns of -4.8% over the past month compared to the Zacks S&P 500 composite's +5.2% change. With a Zacks Rank #3 (Hold), DRH is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>