Americold Realty Trust Inc. (COLD) Reports Q3 Earnings: What Key Metrics Have to Say
Americold Realty Trust Inc. (COLD) reported $667.94 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 11.9%. EPS of $0.32 for the same period compares to -$0.03 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $702.89 million, representing a surprise of -4.97%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.32.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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:
Global Warehouse Revenue- Rent and storage revenue: $278.51 million versus $287.68 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +7% change.
Revenue- Warehouse: $602.61 million versus the four-analyst average estimate of $628.28 million. The reported number represents a year-over-year change of +0.6%.
Global Warehouse Revenue- Warehouse services revenue: $324.10 million versus $340.61 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -4.3% change.
Revenue- Third-Party Managed: $9.69 million compared to the $10.97 million average estimate based on three analysts. The reported number represents a change of -88.2% year over year.
Revenue-Transportation: $55.64 million versus $69.61 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -27.1% change.
Net Earnings Per Share (Diluted): -$0.01 versus the four-analyst average estimate of $0.04.
View all Key Company Metrics for Americold Realty Trust Inc. here>>>
Shares of Americold Realty Trust Inc. have returned -8.7% over the past month versus the Zacks S&P 500 composite's -1.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Americold Realty Trust Inc. (COLD) : Free Stock Analysis Report
