A Peek at Diamondrock Hospitality's Future Earnings

Diamondrock Hospitality (NYSE:DRH) is set to give its latest quarterly earnings report on Thursday, 2024-11-07. Here's what investors need to know before the announcement.

Analysts estimate that Diamondrock Hospitality will report an earnings per share (EPS) of $0.27.

Investors in Diamondrock Hospitality are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.

It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.

Past Earnings Performance

Last quarter the company beat EPS by $0.02, which was followed by a 0.0% drop in the share price the next day.

Here's a look at Diamondrock Hospitality's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.32

0.16

0.23

EPS Actual

0.34

0.17

0.18

0.26

Price Change %

0.0%

1.0%

-0.0%

6.0%

Performance of Diamondrock Hospitality Shares

Shares of Diamondrock Hospitality were trading at $8.75 as of November 05. Over the last 52-week period, shares are up 13.94%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Insights on Diamondrock Hospitality

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Diamondrock Hospitality.

The consensus rating for Diamondrock Hospitality is Neutral, based on 2 analyst ratings. With an average one-year price target of $9.5, there's a potential 8.57% upside.

Comparing Ratings with Peers

This comparison ...