In the latest trading session, Ashford Hospitality Trust (AHT) closed at $5.18, marking a -0.58% move from the previous day. This change lagged the S&P 500's 0% on the day. Elsewhere, the Dow lost 0.05%, while the tech-heavy Nasdaq lost 0.21%.
Heading into today, shares of the hotel owner had gained 10.85% over the past month, outpacing the Finance sector's gain of 2.95% and the S&P 500's gain of 5.49% in that time.
AHT will be looking to display strength as it nears its next earnings release, which is expected to be May 2, 2019. On that day, AHT is projected to report earnings of $0.27 per share, which would represent a year-over-year decline of 3.57%. Our most recent consensus estimate is calling for quarterly revenue of $353.87 million, up 3.41% from the year-ago period.
AHT's full-year Zacks Consensus Estimates are calling for earnings of $1.23 per share and revenue of $1.49 billion. These results would represent year-over-year changes of -2.38% and +3.82%, respectively.
It is also important to note the recent changes to analyst estimates for AHT. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. AHT is currently sporting a Zacks Rank of #1 (Strong Buy).
Investors should also note AHT's current valuation metrics, including its Forward P/E ratio of 4.23. For comparison, its industry has an average Forward P/E of 15.4, which means AHT is trading at a discount to the group.
Investors should also note that AHT has a PEG ratio of 0.85 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. AHT's industry had an average PEG ratio of 2.87 as of yesterday's close.
The REIT and Equity Trust - Other industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 155, which puts it in the bottom 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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