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Market Impact: 0.22

DiamondRock Hospitality (DRH) Tops Q1 FFO and Revenue Estimates

DRH
Corporate EarningsCompany FundamentalsAnalyst EstimatesHousing & Real Estate

DiamondRock Hospitality reported quarterly FFO of $0.22 per share, topping the Zacks Consensus Estimate of $0.19 by $0.03, or about 16%. FFO also improved from $0.19 per share a year ago, indicating modest year-over-year growth. The update is positive for REIT fundamentals but likely a limited market mover.

Analysis

DiamondRock Hospitality reported quarterly FFO of $0.22 per share, topping the Zacks Consensus Estimate of $0.19 by $0.03, or about 16%. FFO also improved from $0.19 per share a year ago, indicating modest year-over-year growth. The update is positive for REIT fundamentals but likely a limited market mover.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.35

Ticker Sentiment

DRH0.45