How did APLE's Q4 earnings surprise impact its annual performance?
4/6/2025 08:15pm
Apple Hospitality's (APLE) Q4 earnings surprise had a significant impact on its annual performance, reflecting broader challenges faced by the hospitality sector amid economic uncertainties.
1. **Q4 Earnings Surprise**:
- APLE reported a net income of $-26.45 million for Q4 2024, which is a substantial negative surprise, indicating a sharp decline from the previous quarter's performance.
|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|APLE|APLE.N|Apple Hospitality|2024 Q1|64.17094432463627|5.405E7|169|
|APLE|APLE.N|Apple Hospitality|2024 Q2|13.236532953483742|7.3931E7|169|
|APLE|APLE.N|Apple Hospitality|2024 Q3|-3.8385288487831555|5.6266E7|169|
|APLE|APLE.N|Apple Hospitality|2024 Q4|43.5925836744522|2.9817E7|169|
2. **Annual Performance Impact**:
- Despite the Q4 setback, APLE managed to post a positive annual net income of $214.06 million for 2024. This suggests that the company's annual performance was resilient despite the quarterly shock.
- The annual net income figure indicates that the negative Q4 performance did not entirely overshadow the company's overall fiscal year achievements, reflecting a degree of recovery or stabilization in the subsequent quarters.
In conclusion, while the Q4 earnings surprise was a significant negative event, it did not entirely negate Apple Hospitality's positive annual performance in 2024, highlighting the company's ability to bounce back from such challenges.