Pebblebrook Hotel Trust (PEB) Q3 2024 Earnings Report Preview: What To Expect

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Nov 06, 2024
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Pebblebrook Hotel Trust (PEB, Financial) is set to release its Q3 2024 earnings on Nov 7, 2024. The consensus estimate for Q3 2024 revenue is $400.42 million, and the earnings are expected to come in at $0 per share. The full year 2024's revenue is expected to be $1.45 billion and the earnings are expected to be $-0.45 per share. More detailed estimate data can be found on the Forecast page.

Pebblebrook Hotel Trust (PEB, Financial) Estimates Trends

Over the past 90 days, revenue estimates for Pebblebrook Hotel Trust (PEB) for the full year 2024 have decreased from $1.46 billion to $1.45 billion. For 2025, revenue estimates have been revised down from $1.50 billion to $1.50 billion. Earnings estimates for the full year 2024 have remained flat at $-0.45 per share, while for 2025, earnings estimates have declined from $-0.17 per share to $-0.27 per share.

Pebblebrook Hotel Trust (PEB, Financial) Reported History

In the previous quarter of 2024-06-30, Pebblebrook Hotel Trust's (PEB) actual revenue was $397.11 million, which beat analysts' revenue expectations of $396.29 million by 0.21%. Pebblebrook Hotel Trust's (PEB) actual earnings were $0.16 per share, which beat analysts' earnings expectations of $0.08 per share by 100%. After releasing the results, Pebblebrook Hotel Trust (PEB) was up by 0.89% in one day.

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Pebblebrook Hotel Trust (PEB, Financial) 12 Month Price Targets

Based on the one-year price targets offered by 10 analysts, the average target price for Pebblebrook Hotel Trust (PEB) is $14.43 with a high estimate of $17 and a low estimate of $12. The average target implies an upside of 18.24% from the current price of $12.20.

Based on GuruFocus estimates, the estimated GF Value for Pebblebrook Hotel Trust (PEB, Financial) in one year is $14.76, suggesting an upside of 20.98% from the current price of $12.20.

Based on the consensus recommendation from 13 brokerage firms, Pebblebrook Hotel Trust's (PEB, Financial) average brokerage recommendation is currently 3.2, indicating a "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

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This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.