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Choice Hotels (CHH) Reports Q3 Earnings: What Key Metrics Have to Say
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For the quarter ended September 2024, Choice Hotels (CHH - Free Report) reported revenue of $427.96 million, up 0.6% over the same period last year. EPS came in at $2.23, compared to $1.82 in the year-ago quarter.
The reported revenue represents a surprise of -1.94% over the Zacks Consensus Estimate of $436.42 million. With the consensus EPS estimate being $1.91, the EPS surprise was +16.75%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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: -2.5% versus the three-analyst average estimate of -1.6%.
RevPAR: $62.41 compared to the $63.20 average estimate based on three analysts.
Rooms - Domestic Franchises: 495,194 versus the three-analyst average estimate of 494,883.
Occupancy: 61.1% versus the two-analyst average estimate of 62%.
Total Franchise Rooms: 634,952 compared to the 637,106 average estimate based on two analysts.
Average Daily Rate (ADR): $102.10 compared to the $102.02 average estimate based on two analysts.
Revenues- Royalty, licensing and management fees: $147.15 million compared to the $151.27 million average estimate based on five analysts. The reported number represents a change of -0.9% year over year.
Revenues- Owned Hotels: $31.94 million versus the five-analyst average estimate of $27.87 million. The reported number represents a year-over-year change of +21.7%.
Revenues- Initial franchise fees: $5.87 million versus $6.17 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -5.3% change.
Revenues- Platform and procurement services fees: $16.18 million versus $16.16 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +4.1% change.
Revenues- Other revenues: $13.86 million versus $13.38 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +21.2% change.
Revenues- Other revenues from franchised and managed properties: $212.98 million compared to the $217.12 million average estimate based on four analysts. The reported number represents a change of -2.1% year over year.
Shares of Choice Hotels have returned +5% over the past month versus the Zacks S&P 500 composite's +0.4% 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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Choice Hotels (CHH) Reports Q3 Earnings: What Key Metrics Have to Say
For the quarter ended September 2024, Choice Hotels (CHH - Free Report) reported revenue of $427.96 million, up 0.6% over the same period last year. EPS came in at $2.23, compared to $1.82 in the year-ago quarter.
The reported revenue represents a surprise of -1.94% over the Zacks Consensus Estimate of $436.42 million. With the consensus EPS estimate being $1.91, the EPS surprise was +16.75%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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: -2.5% versus the three-analyst average estimate of -1.6%.
- RevPAR: $62.41 compared to the $63.20 average estimate based on three analysts.
- Rooms - Domestic Franchises: 495,194 versus the three-analyst average estimate of 494,883.
- Occupancy: 61.1% versus the two-analyst average estimate of 62%.
- Total Franchise Rooms: 634,952 compared to the 637,106 average estimate based on two analysts.
- Average Daily Rate (ADR): $102.10 compared to the $102.02 average estimate based on two analysts.
- Revenues- Royalty, licensing and management fees: $147.15 million compared to the $151.27 million average estimate based on five analysts. The reported number represents a change of -0.9% year over year.
- Revenues- Owned Hotels: $31.94 million versus the five-analyst average estimate of $27.87 million. The reported number represents a year-over-year change of +21.7%.
- Revenues- Initial franchise fees: $5.87 million versus $6.17 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -5.3% change.
- Revenues- Platform and procurement services fees: $16.18 million versus $16.16 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +4.1% change.
- Revenues- Other revenues: $13.86 million versus $13.38 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +21.2% change.
- Revenues- Other revenues from franchised and managed properties: $212.98 million compared to the $217.12 million average estimate based on four analysts. The reported number represents a change of -2.1% year over year.
View all Key Company Metrics for Choice Hotels here>>>Shares of Choice Hotels have returned +5% over the past month versus the Zacks S&P 500 composite's +0.4% 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.