Diamondrock Hospitality Co reports results for the quarter ended June 30 - Earnings Summary

• Diamondrock Hospitality Co DRH.N reported quarterly adjusted earnings of 18 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 10 cents. The mean expectation of four analysts for the quarter was for earnings of 19 cents per share. Wall Street expected results to range from 18 cents to 19 cents per share.

• Revenue fell 1.2% to $305.72 million from a year ago; analysts expected $303.67 million.

• Diamondrock Hospitality Co's reported EPS for the quarter was 18 cents​.

• The company reported quarterly net income of $38.38 million.

• Diamondrock Hospitality Co shares had fallen by 1.0% this quarter and lost 16.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.8% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell." The average consensus recommendation for the specialized reits peer group is also "buy"

• Wall Street's median 12-month price target for Diamondrock Hospitality Co is $9.00, about 14.6% above its last closing price of $7.69

This summary was machine generated from LSEG data August 8 at 03:48 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)