COLD Earnings Prediction
The chart below shows how COLD performed 10 days before and after its earnings report, based on data from the past quarters. Typically, COLD sees a -1.17% change in stock price 10 days leading up to the earnings, and a +1.30% change 10 days following the report. On the earnings day itself, the stock moves by +0.42%. This data can give you a slight idea of what to expect for the next quarter's release.
COLD Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
674.17M
0.93%
2.00%
Gross Margin
17.78%
19.49%
-6.62%
Operating Margin
8.34%
18.47%
-16.93%
Net Margin
-0.55%
61.76%
-94.35%
EPS
-0.01
-0.00%
-95.65%
No Data Available
COLD Earnings Analysis
Americold Realty Trust, Inc. Corporation (COLD.N) Earnings Conference Call
Positive
AFFO Increase of 11%: 1. Strong AFFO Growth: Americold generated AFFO of approximately $100 million or $0.35 per share, marking an increase of over 11% from Q3 of last year.
Same-Store NOI Performance: 2. Same-Store NOI Increase: Same-store NOI reached approximately $201 million in the quarter, up 11% from the prior year, indicating robust operational performance.
Warehouse Services Margin Boost: 3. Warehouse Services Margin Improvement: The company achieved a services margin of 14%, up almost 11 percentage points from the prior year, demonstrating enhanced productivity and efficiency.
Fixed Commitment Revenue Growth: 4. Increased Fixed Commitment Revenue: Rent and storage revenue derived from fixed commitment storage contracts reached approximately 58%, marking the 14th consecutive quarter of growth in this area.
Development Projects Investment: 5. Development Pipeline Expansion: Americold announced $305 million in development projects for 2024, exceeding its guidance and reflecting strong demand for its services.
Negative
Economic Occupancy Decline: 1. Declining Economic Occupancy: Economic occupancy dipped to approximately 77% in Q3 2024, reflecting a significant decline compared to previous quarters, indicating ongoing challenges in consumer demand.
Negative Non-Same-Store Performance: 2. Negative Non-Same-Store NOI: The non-same-store pool is projected to generate NOI in the range of negative $2 million to negative $5 million for the full year 2024, highlighting underperformance in this segment.
Throughput Volume Decline: 3. Reduced Throughput Volumes: Full year throughput volume is expected to decrease in the range of 2.5% to 4.5%, driven by continued consumer strain and lower inventory builds, which negatively impacts revenue.
Debt Levels and Leverage: 4. Increased Debt Levels: Total net debt outstanding reached $3.5 billion, with a net debt to pro forma core EBITDA ratio of approximately 5.5x, indicating a potentially concerning leverage position.
Occupancy Guidance Reduction: 5. Lowered Occupancy Guidance: The company has reduced its full year expectations for economic occupancy, now forecasting a decline of 425 to 525 basis points compared to 2023, reflecting ongoing market challenges.
COLD FAQs
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COLD Earning Call Sentiment
Americold Realty Trust, Inc. (COLD) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
COLD.N
-1.61%Positive
The earnings call reveals a mixed financial performance with strong AFFO and service margins, but significant challenges like declining occupancy, volume challenges, and high interest expenses. The Q&A further highlights uncertainties in consumer demand and occupancy recovery. While there are positive developments like the Dallas expansion and increased development starts, the overall sentiment is weighed down by macroeconomic pressures and vague management responses. These factors suggest a likely negative stock price reaction in the short term.
