Published on 7 Aug 2023 on Zacks via Yahoo Finance
Choice Hotels (CHH) to Report Q2 Earnings: What to Expect?
Choice Hotels International, Inc. CHH is scheduled to report second-quarter 2023 results on Aug 8, 2023, before the opening bell.In the last reported quarter, the company’s earnings and revenues surpassed the Zacks Consensus Estimate by 3.7% and 4.9%, respectively. Earnings and revenues increased 8.7% and 29.1% from the year-ago quarter’s figures, respectively.CHH topped the consensus mark in two of the last four quarters and missed on other two occasions, the average beat being 1.7%.
The Trend in Estimate Revision
The Zacks Consensus Estimate for second-quarter earnings per share (EPS) is pegged at $1.70, indicating an improvement of 18.9% from $1.43 reported in the year-ago quarter.The consensus mark for revenues is pegged at $422.6 million, suggesting an increase of 14.8% from the prior-year quarter’s reported figure.