Chatham Lodging Trust Earnings: Here’s Why the Stock is Rising Now

Chatham Lodging Trust (REIT) Co (NYSE:CLDT) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.98%.

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Chatham Lodging Trust (REIT) Co Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 23.81% to $0.26 in the quarter versus EPS of $0.21 in the year-earlier quarter.

Revenue: Rose 12.88% to $25.77 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Chatham Lodging Trust (REIT) Co reported adjusted EPS income of $0.26 per share. By that measure, the company beat the mean analyst estimate of $0.24. It beat the average revenue estimate of $25.62 million.

Quoting Management: “Coming off significant growth in the 2012 first quarter, these results are particularly gratifying because it reinforces our belief that we are investing in hotels in quality markets, making timely improvements and driving strong operating results through aggressive asset management,” said Jeffrey H. Fisher, Chatham’s president and CEO.

Key Stats (on next page)…

Revenue increased 6.14% from $24.28 million in the previous quarter. EPS increased 23.81% from $0.21 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.49 and has not changed. For the current year, the average estimate has moved up from a profit of $1.57 to a profit of $1.6 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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