Americold Realty Trust Inc. (COLD) Reports Q4 Earnings: What Key Metrics Have to Say
For the quarter ended December 2023, Americold Realty Trust Inc. (COLD) reported revenue of $679.29 million, down 5.9% over the same period last year. EPS came in at $0.38, compared to $0.01 in the year-ago quarter.
The reported revenue represents a surprise of -1.94% over the Zacks Consensus Estimate of $692.71 million. With the consensus EPS estimate being $0.36, the EPS surprise was +5.56%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Americold Realty Trust Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Global Warehouse- Rent and storage: $276.64 million versus $286.62 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +3.6% change.
Revenues- Rent, storage and warehouse services: $612.26 million versus $615.42 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +2.3% change.
Revenues- Global Warehouse- Warehouse services: $335.62 million versus the four-analyst average estimate of $328.80 million. The reported number represents a year-over-year change of +1.2%.
Revenues- Third-party managed services: $9.15 million versus the three-analyst average estimate of $10.94 million. The reported number represents a year-over-year change of -80.4%.
Revenues- Transportation services: $57.88 million versus the three-analyst average estimate of $63.66 million. The reported number represents a year-over-year change of -24%.
Net Earnings Per Share (Diluted): -$0.80 compared to the $0.10 average estimate based on four analysts.
View all Key Company Metrics for Americold Realty Trust Inc. here>>>
Shares of Americold Realty Trust Inc. have returned -1.9% over the past month versus the Zacks S&P 500 composite's +3.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Americold Realty Trust Inc. (COLD) : Free Stock Analysis Report
