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Compared to Estimates, Choice Hotels (CHH) Q1 Earnings: A Look at Key Metrics
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Choice Hotels (CHH - Free Report) reported $331.95 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 0.3%. EPS of $1.28 for the same period compares to $1.12 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $345.02 million, representing a surprise of -3.79%. The company delivered an EPS surprise of +11.30%, with the consensus EPS estimate being $1.15.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Choice Hotels performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
RevPAR Growth: -5.9% versus -2.7% estimated by three analysts on average.
RevPAR: $45.24 versus $47.52 estimated by three analysts on average.
Rooms - Domestic Franchises: 494,096 versus 497,615 estimated by three analysts on average.
Occupancy: 50.7% versus 52.8% estimated by two analysts on average.
Total Franchise Rooms: 630,128 versus 639,084 estimated by two analysts on average.
Average Daily Rate (ADR): $89.23 compared to the $91.25 average estimate based on two analysts.
Revenues- Other revenues from franchised and managed properties: $164.67 million versus the five-analyst average estimate of $174.27 million.
Revenues- Royalty, licensing and management fees: $105.47 million versus $114.95 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -1.9% change.
Revenues- Owned Hotels: $24.99 million compared to the $21.58 million average estimate based on five analysts. The reported number represents a change of +11.9% year over year.
Revenues- Initial franchise fees: $6.71 million compared to the $8.32 million average estimate based on five analysts. The reported number represents a change of -14.9% year over year.
Revenues- Platform and procurement services fees: $13.76 million versus $14.23 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -0.6% change.
Revenues- Other revenues: $16.36 million versus the four-analyst average estimate of $10.79 million. The reported number represents a year-over-year change of +53.9%.
Shares of Choice Hotels have returned -3.2% over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Choice Hotels (CHH) Q1 Earnings: A Look at Key Metrics
Choice Hotels (CHH - Free Report) reported $331.95 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 0.3%. EPS of $1.28 for the same period compares to $1.12 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $345.02 million, representing a surprise of -3.79%. The company delivered an EPS surprise of +11.30%, with the consensus EPS estimate being $1.15.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Choice Hotels performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- RevPAR Growth: -5.9% versus -2.7% estimated by three analysts on average.
- RevPAR: $45.24 versus $47.52 estimated by three analysts on average.
- Rooms - Domestic Franchises: 494,096 versus 497,615 estimated by three analysts on average.
- Occupancy: 50.7% versus 52.8% estimated by two analysts on average.
- Total Franchise Rooms: 630,128 versus 639,084 estimated by two analysts on average.
- Average Daily Rate (ADR): $89.23 compared to the $91.25 average estimate based on two analysts.
- Revenues- Other revenues from franchised and managed properties: $164.67 million versus the five-analyst average estimate of $174.27 million.
- Revenues- Royalty, licensing and management fees: $105.47 million versus $114.95 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -1.9% change.
- Revenues- Owned Hotels: $24.99 million compared to the $21.58 million average estimate based on five analysts. The reported number represents a change of +11.9% year over year.
- Revenues- Initial franchise fees: $6.71 million compared to the $8.32 million average estimate based on five analysts. The reported number represents a change of -14.9% year over year.
- Revenues- Platform and procurement services fees: $13.76 million versus $14.23 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -0.6% change.
- Revenues- Other revenues: $16.36 million versus the four-analyst average estimate of $10.79 million. The reported number represents a year-over-year change of +53.9%.
View all Key Company Metrics for Choice Hotels here>>>Shares of Choice Hotels have returned -3.2% over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.