PEB Earnings Prediction
The chart below shows how PEB performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PEB sees a -1.70% change in stock price 10 days leading up to the earnings, and a -2.76% change 10 days following the report. On the earnings day itself, the stock moves by -0.56%. This data can give you a slight idea of what to expect for the next quarter's release.
PEB Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
404.53M
2.21%
1.87%
Gross Margin
22.24%
6.36%
-4.18%
Operating Margin
10.60%
9.50%
-23.74%
Net Margin
11.16%
178.21%
37.44%
EPS
0.24
142.11%
50.00%
No Data Available
PEB Earnings Analysis
Pebblebrook Hotel Trust Corporation (PEB.N) Earnings Conference Call
Positive
Same-Property RevPAR Increase: 1. Same-Property RevPAR Growth: Same-property RevPAR increased by 2.2%, exceeding the industry's growth of 0.9%, showcasing strong market share recovery and performance in urban and resort properties.
Adjusted EBITDA Surplus: 2. Adjusted EBITDA Outperformance: Adjusted EBITDA surpassed the midpoint of the Q3 outlook by $8.7 million, indicating robust operational efficiency and financial strength despite external challenges.
Group Demand Recovery: 3. Strong Group Demand: Group room nights grew by 9.1% year-over-year, with total group revenue increasing by 11.2%, reflecting a strong recovery in business group demand across the portfolio.
Urban Occupancy Increase: 4. Urban Market Recovery: Urban properties experienced a 3.7% year-over-year occupancy increase, with urban weekend occupancy exceeding 85%, driven by a resurgence in leisure travel and business demand.
Capital Investment Success: 5. Successful Capital Investments: The company expects to invest $90 million to $95 million in capital projects this year, with significant returns already being realized from recent redevelopments, enhancing property quality and market position.
Negative
Hurricane Impact on Revenue: 1. Negative Impact from Hurricanes: The combined impact of Hurricane Helene and Milton is expected to reduce Q4 same-property RevPAR by approximately 100 basis points, leading to a $2.5 million decrease in same-property hotel EBITDA.
Resort Occupancy Decline: 2. Decline in Resort Occupancy: Same-property resort occupancy declined by 5.9% year-over-year, reaching only 74.3%, despite improvements in weekday occupancy.
Resort ADR Decline: 3. Lower ADR in Resorts: Same-property resort ADR declined by 4.8% compared to the prior year, primarily due to a higher mix of lower-rated business group bookings.
Urban Market Decline: 4. Weak Performance in Key Urban Markets: Combined RevPAR for San Francisco, Los Angeles, and Portland declined 5.7% in Q3, contributing to a year-over-year EBITDA decline of over $17 million for these markets.
Brand Transition Disruption: 5. Disruption from Brand Transition: The rebranding of the Delfina Santa Monica Hotel to Hyatt Centric caused significant disruption, negatively impacting property performance more than anticipated.
PEB FAQs
How does PEB typically perform around its earnings report dates?
Is Pebblebrook Hotel Trust (PEB) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
PEB Earning Call Sentiment
Pebblebrook Hotel Trust (PEB) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
PEB.N
1.34%Positive
The earnings call reveals strong financial performance with increased RevPAR, EBITDA, and FFO, despite some weather-related impacts. The company raised its 2024 outlook and provided optimistic guidance for 2025. The Q&A section showed management's confidence in overcoming challenges and strategic reinvestments. Additionally, the company's strategic reinvestment plan and lack of significant debt maturities until 2026 support a positive outlook. Given the market cap and these factors, the stock is likely to experience a positive movement of 2% to 8% over the next two weeks.