Ashford Hospitality Trust (AHT) Reports Q1 Loss, Tops Revenue Estimates

By Zacks7 days ago

Ashford Hospitality Trust (AHT) came out with a quarterly loss of $0.30 per share versus the Zacks Consensus Estimate of a loss of $0.75. This compares to loss of $1.20 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an FFO surprise of 60%. A quarter ago, it was expected that this hotel owner would post a loss of $1.54 per share when it actually produced a loss of $1.67, delivering a surprise of -8.44%.

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Over the last four quarters, the company has surpassed consensus FFO estimates two times.

Ashford Hospitality Trust, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $115.83 million for the quarter ended March 2021, surpassing the Zacks Consensus Estimate by 1.20%. This compares to year-ago revenues of $281.88 million. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.

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