FelCor Lodging Trust Earnings: Here’s Why the Stock is Down Now

FelCor Lodging Trust Inc. (NYSE:FCH) had a loss and met 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 down 1.01%.

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FelCor Lodging Trust Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $-0.01 in the quarter versus EPS of $-0.02 in the year-earlier quarter.

Revenue: Decreased 0.23% to $220.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: FelCor Lodging Trust Inc. reported adjusted EPS loss of $0.01 per share. By that measure, the company missed the mean analyst estimate of $-0.01. It beat the average revenue estimate of $219.02 million.

Quoting Management: Commenting on operating results, Richard A. Smith, President and Chief Executive Officer of FelCor, said, “I am very pleased with our performance during the quarter. Our high quality, diverse portfolio continues to produce strong results. Industry fundamentals remain very favorable, as demand growth remains robust and supply growth remains historically low. We expect these trends to continue for the foreseeable future, which will provide favorable conditions for sustained RevPAR growth.”

Key Stats (on next page)…

Revenue increased 45.07% from $152.13 million in the previous quarter. EPS increased to $-0.01 in the quarter versus EPS of $-0.01 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.19 to a profit $0.21. For the current year, the average estimate has moved up from a profit of $0.31 to a profit of $0.38 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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