Americold Realty Trust (COLD) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended June 2024, Americold Realty Trust Inc. (COLD) reported revenue of $660.96 million, up 1.8% over the same period last year. EPS came in at $0.38, compared to -$0.36 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $669.86 million, representing a surprise of -1.33%. The company delivered an EPS surprise of +15.15%, with the consensus EPS estimate being $0.33.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Americold Realty Trust performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Rent, storage and warehouse services
: $600.39 million compared to the $601.04 million average estimate based on three analysts. The reported number represents a change of +3.3% year over year.
Revenues- Third-party managed services
: $9.93 million versus the three-analyst average estimate of $10.01 million. The reported number represents a year-over-year change of -4.2%.
Revenues- Global Warehouse- Warehouse services
: $332.72 million compared to the $323.87 million average estimate based on three analysts. The reported number represents a change of +8.7% year over year.
Revenues- Global Warehouse- Rent and storage
: $267.67 million versus the three-analyst average estimate of $277.17 million. The reported number represents a year-over-year change of -2.7%.
Revenues- Transportation services
: $50.64 million compared to the $55.64 million average estimate based on three analysts. The reported number represents a change of -12.8% year over year.
Net Earnings Per Share (Diluted)
: -$0.23 versus $0.07 estimated by three analysts on average.
View all Key Company Metrics for Americold Realty Trust here>>>
Shares of Americold Realty Trust have returned +8.2% over the past month versus the Zacks S&P 500 composite's -6.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Americold Realty Trust Inc. (COLD) : Free Stock Analysis Report