Diamondrock Hospitality Company (NYSE:DRH) is reporting third quarter financial results on Thursday 5th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, DRH is expected to report 3Q20 loss of $ 0.3 per share from revenue of $ 54.05 million.
For the full year, analysts anticipate top line of $ 318.36 million, while looking forward to loss of $ 1.13 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 1.00 ~ $ 1.04 per share
Click Here For More Historical Outlooks Of Diamondrock Hospitality Company
Previous Quarter Performance
Diamondrock Hospitality Company came out with loss for the second quarter of $ 0.20 per share, from the revenue of $ 20.38 million. The quarterly revenues fell 92.10 percent compared with the same quarter last year. Wall street analysts are predicting, DRH to report 2Q20 loss of $ 0.34 per share from revenue of $ 25.56 million. The bottom line results beat street analysts by $ 0.14 or 41.18 percent, at the same time, top line results fell short of analysts by $ 5.18 million or 20.27 percent.
Stock Performance
Shares of Diamondrock Hospitality Company traded low $ -0.31 or -5.88 percent on Wednesday, reaching $ 4.96 with volume of 982.90 thousand shares. Diamondrock Hospitality Company has traded high as $ 5.18 and has cracked $ 4.92 on the downward trend
The closing price of $ 4.96, representing a 168.88 % increase from the 52 week low of $ 1.96 and a 55.3 % decrease over the 52 week high of $ 11.79.
The company has a market capital of $ 989.60 million and is part of the Real Estate sector and REIT – Hotel & Motel industry.
Recent Analyst recommendations
- On 19th October 2020, maintained by Robert W. Baird at Outperform rating, with $ 7.00 target price.
- On 5th October 2020, initiated by Compass Point at Neutral rating, with $ 5.75 target price.
- On 30th September 2020, maintained by Bank of America at Underperform rating, with $ 5.50 target price.
DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographically diversified hotels concentrated in top gateway markets and destination resort locations. The Company owns 31 premium quality hotels with over 10,000 rooms. The Company has strategically positioned its hotels to be operated both under leading global brand families such as Hilton and Marriott as well as unique boutique hotels in the lifestyle segment.
