Earnings Reaction History of DiamondRock Hospitality Company (NYSE:DRH)


DiamondRock Hospitality Company (NYSE:DRH) moved up 0.99% and closed its last trading session at $9.15. This Finance Sector stock currently has the Market Capitalization of 1.88 Billion. The Average Volume for the stock is measured as 2.65 Million. The Stock has a 52-Week High of $12.04 and 52-Week Low of $7.28 following the dates, it touched its 52-Week High on Nov 3, 2015 and 52-Week Low on Jan 20, 2016. Currently, the Return on Assets value for the trailing twelve months is 3.5% with the Return on Equity and Return on Investment of 6.1% and 4.6% respectively. This firm currently has YTD (year to date) performance of -1.14 Percent which is not good. The Short Ratio for the stock is 6.13.

DiamondRock Hospitality Company (NYSE:DRH) Price to Earnings (P/E) ratio is 16.61. EPS or Earning per Share stands at $0.55. The TTM operating margin is 17.6 percent.

DiamondRock Hospitality Company (NYSE:DRH) reports its earnings on Wed 9 Nov (In 8 Days). The estimated EPS for the current quarter is said to be $0.25. Following Earnings result, share price were DOWN 16 times out of last 27 Qtrs. The stock has reduced about -2.5% since it reported its last earnings. The Closing price of DiamondRock Hospitality Company (NYSE:DRH) at Last Earnings was $9.29 as compared to the previous closing price of $8.98. The Predicted Move on the 7th day after DiamondRock Hospitality Company (NYSE:DRH) will release its earnings at about 3%.

By Looking at Earnings History, Out of 12 Quarters when the Earnings were reported, DiamondRock Hospitality Company (NYSE:DRH) beats earnings by 50%, The Stock Missed Earnings  5  times and has met earnings  1 times.

Earnings History:

We will discuss the past Quarters Earnings below:

DiamondRock Hospitality Company (NYSE:DRH) reported its previous quarter on 08/05/2016 where it reported the Actual Earnings of $0.31. The Closing price before the company posted its earnings was $9.29. The Stock surged on the very next day of earnings and maintained its stock price at $9.93 by showing a % change of 6.89 percent from its previous closing price. The Next Day Volume after Earnings was reported as 4.16 Million. On the 7th day After Earnings Report, the stock hit its share price as $10.09 by showing 8.61% increase from the Stock price Before Earnings were reported.

On 05/06/2016, the stock reported the EPS of $0.21 where Analysts were projecting the EPS to be $0.18 showing a difference of $0.03. Thus Surprise Factor was there with 16.7 percent. Before Earnings Announcement on 05/06/2016, the firm had its stock price of $8.89. And immediately on the next day after earnings announcement, the stock inclined 3.6% and closed its trading session at $9.21. On 7th Day after earnings release, DiamondRock Hospitality Company (NYSE:DRH) surged to 2.14% from $8.89 to $9.08.

On 02/23/2016, Analysts were suspecting EPS of $0.25/share where DiamondRock Hospitality Company (NYSE:DRH) reported its Actual EPS of $0.26. Thus showing a Surprise of 4 percent. The Closing Price of the stock before earnings was $8.29 while on the Next day the stock closed its trading session at $8.17 with a percentage change of -1.45% from the price of 8.29 before Earnings. The Stock Closing Price on the 7th day of earnings was $8.54.

Company Profile:

DiamondRock Hospitality Company, a lodging focused real estate company, owns premium hotels and resorts in North America. The company operates its hotels under the Hilton, Marriott, and Westin brand names in New York, Los Angeles, Chicago, Boston, and Atlanta; and in destination resort locations, such as the United States Virgin Islands and Colorado. As of December 16, 2011, it owned 26 hotels with approximately 12000 rooms. The company qualifies as a real estate investment trust (REIT) under the Internal Revenue Code. As a REIT, it would not be subject to federal corporate income taxes, if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 2004 and is based in Bethesda, Maryland.