Diamondrock Hospitality Co. Earnings: Everything You Must Know Now

Diamondrock Hospitality Co. (NYSE:DRH) 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.

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Diamondrock Hospitality Co. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 55.56% to $0.14 in the quarter versus EPS of $0.09 in the year-earlier quarter.

Revenue: Rose 49.32% to $181.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Diamondrock Hospitality Co. reported adjusted EPS income of $0.14 per share. By that measure, the company beat the mean analyst estimate of $0.09. It beat the average revenue estimate of $169.37 million.

Quoting Management: There was no comment from the management.

Key Stats (on next page)…

Revenue decreased 31.94% from $266.4 million in the previous quarter. EPS decreased 51.72% from $0.29 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.24 to a profit $0.22. For the current year, the average estimate has moved down from a profit of $0.8 to a profit of $0.73 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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