RLJ Lodging Trust Earnings: Everything You Must Know Now

RLJ Lodging Trust (NYSE:RLJ) 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.

RLJ Lodging Trust Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 238.89% to $0.61 in the quarter versus EPS of $0.18 in the year-earlier quarter.

Revenue: Rose 17.17% to $261.6 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: RLJ Lodging Trust reported adjusted EPS income of $0.61 per share. By that measure, the company beat the mean analyst estimate of $0.29. It beat the average revenue estimate of $256.5 million.

Quoting Management: “Our industry-leading results this quarter once again demonstrate the strength of our well-diversified portfolio and effective asset management,” commented Thomas J. Baltimore, Jr., President and Chief Executive Officer. “We remain committed to maximizing shareholder value through selective acquisitions in high-barrier markets, value-add renovations, and conservative balance sheet management. As the economy continues to improve, we believe that our various value-enhancing strategies will continue to position us to deliver outsized growth.”

Key Stats (on next page)…

Revenue increased 21.17% from $215.89 million in the previous quarter. EPS increased 662.5% from $0.08 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 $0.22 and has not changed. For the current year, the average estimate has moved up from a profit of $0.75 to a profit of $0.79 over the last ninety days.

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