Chesapeake Lodging Trust (NYSE:CHSP) is projected to declare fiscal first quarter financial results right after the stock market’s official close on May 03, 2017. The stock lost about -5.5 percent in price since last results when it was at $25.4 a share. Based on the most relevant past-periods data, there is an 52.17 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 12 times out of last 23 reported quarters. It has beaten earnings-per-share estimates 50% of the time in its last 12 earnings reports. It fell short of earnings estimates on 3 occasions, and it has met expectations 3 times.
Here’s how traders responded to CHSP earnings announcements over the past few quarters.
Chesapeake Lodging Trust (CHSP) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 3.28 percent over the past four quarters. Back on February 22, 2017, it posted earnings per-share earnings at $0.48 which beat the consensus $0.46 projection (positive surprise of4.35%. For the quarter, revenue came in at 145.13M versus consensus estimate of 142.95M. The stock dropped -3.82 percent the session following the earnings reports were released, and on 7th day price change was -3.58 percent.
On November 1, 2016, it reported earnings at $0.71 a share compared with the consensus estimate of $0.74 per share (negative surprise of -4.05%). Revenue of 164.53M for that quarter was below the $167.65M analysts had expected. The stock retreated -1.82% the day following the earnings announcement, and on 7th day price change was 1.54%.
On July 29, 2016, it recorded $0.75 a share in earnings which missed the consensus estimate of $0.75 (negative surprise of 0%). Revenue for the quarter was $169.43M while analysts called for revenues to be $171.2M. The stock gained 1.37% the day following the earnings data was made public, and on 7th day price change was 1.74%.
On April 28, 2016, it announced earnings per share at $0.44 versus the consensus estimate of $0.39 per share (positive surprise of 12.82%). That came on revenues of $140.61M for that period. Analysts had expected $134.7M in revenue.
Chesapeake Lodging Trust Earnings Estimates
As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.05. The analysts’ present consensus range is $0.03-$0.11 for EPS. The market consensus range for revenue is between $130.1M and $135.1M, with an average of $131.99M.
Chesapeake Lodging Trust (NYSE:CHSP) last ended at $23.57, sending the company’s market cap near $1.39B. The consensus 12-month price target from analysts covering the stock is $22.13. The share price has declined -12.44% from its top level in 52 weeks and advanced -8.86% this year. It recently traded in a range of $23.57-$24.2 at a volume of 269691 shares. The recent trading ended with the price nearly -2.44 lower for the last 5 trading days, rebounding 15.03% from its 52-week low.