FelCor Lodging Trust Inc. Third Quarter Earnings Sneak Peek

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FelCor Lodging Trust, Inc. (NYSE:FCH) will unveil its latest earnings on Tuesday, November 1, 2011. Felcor Lodging Trust is a real estate investment trust that is engaged in hospitality business.

FelCor Lodging Trust, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 6 cents per share after the company broke even in the year earlier quarter. During the past three months, the average estimate has moved down from 9 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 6 cents during the last month. For the year, analysts are projecting net income of 19 cents per share, a swing from net loss of 9 cents last year.

Past Earnings Performance: Last quarter, the company missed estimates by 3 cents, coming in at profit of 13 cents per share versus a mean estimate of net income of 16 cents per share. In the first quarter, the company beat estimates by 2 cents.

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

Wall St. Revenue Expectations: On average, analysts predict $251.8 million in revenue this quarter, a rise of 3.5% from the year ago quarter. Analysts are forecasting total revenue of $983.7 million for the year, a rise of 6% from last year’s revenue of $928.3 million.

Analyst Ratings: Analysts seem relatively indifferent about FelCor Lodging Trust with six of eight analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, the company swung to a loss of $42.3 million (42 cents a share) from a profit of $21.6 million (17 cents) a year earlier, missing analyst expectations. Revenue fell 21.2% to $233.8 million from $296.7 million.

Key Stats:

A year-over-year revenue decrease in the second quarter snapped a streak of three consecutive quarters of revenue increases. Revenue rose 3.9%in the first quarter, 13.9% in the fourth quarter of the last fiscal year and 5.2% in the third quarter of the last fiscal year.

Competitors to Watch: Morgans Hotel Group Co. (NASDAQ:MHGC), InnSuites Hospitality Trust (AMEX:IHT), DiamondRock Hospitality Co. (NYSE:DRH), Chatham Lodging Trust (NYSE:CLDT), Sunstone Hotel Investors, Inc (NYSE:SHO), Hersha Hospitality Trust (NYSE:HT), Pebblebrook Hotel Trust (NYSE:PEB), LaSalle Hotel Properties (NYSE:LHO), Hospitality Properties Trust (NYSE:HPT), and Supertel Hospitality Inc. (NASDAQ:SPPR).

Stock Price Performance: During September 29, 2011 to October 27, 2011, the stock price had risen 77 cents (33.5%) from $2.30 to $3.07. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 6, 2011 when shares rose for eight-straight days, rising 13.2% (+69 cents) over that span. It saw one of its worst periods between September 14, 2011 and September 23, 2011 when shares fell for eight-straight days, falling 26.5% (-75 cents) over that span. Shares are down $3.97 (-56.4%) year to date.

(Source: Xignite Financials)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

 

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