Stock Analysis
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- NYSE:GHG
GreenTree Hospitality Group Second Quarter 2024 Earnings: Misses Expectations
GreenTree Hospitality Group (NYSE:GHG) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥329.7m (down 21% from 2Q 2023).
- Net income: CN¥61.7m (down 50% from 2Q 2023).
- Profit margin: 19% (down from 30% in 2Q 2023). The decrease in margin was driven by lower revenue.
- EPS: CN¥0.61 (down from CN¥1.22 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
GreenTree Hospitality Group Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 27%. Earnings per share (EPS) also missed analyst estimates by 50%.
Looking ahead, revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Hospitality industry in the US.
Performance of the American Hospitality industry.
The company's shares are up 3.7% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on GreenTree Hospitality Group's balance sheet.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NYSE:GHG
GreenTree Hospitality Group
Through its subsidiaries, develops leased-and-operated, and franchised-and-managed hotels and restaurants in the People’s Republic of China.