The latest analyst coverage could presage a bad day for Chatham Lodging Trust (NYSE:CLDT), with the analysts making across-the-board cuts to their statutory estimates that might leave shareholders a little shell-shocked. Revenue estimates were cut sharply as the analysts signalled a weaker outlook – perhaps a sign that investors should temper their expectations as well.
After the downgrade, the consensus from Chatham Lodging Trust’s three analysts is for revenues of US$164m in 2020, which would reflect a substantial 45% decline in sales compared to the last year of performance. Prior to the latest estimates, the analysts were forecasting revenues of US$185m in 2020. It looks like forecasts have become a fair bit less optimistic on Chatham Lodging Trust, given the measurable cut to revenue estimates.