How has BHR's earnings trend evolved recently?

Braemar Hotels & Resorts Inc. (BHR) has shown a decline in net income and revenue over the past five years, with a notable sale impacting revenue in a specific period. The latest figures indicate a decrease in net income and revenue compared to the previous quarter, and a negative change in diluted EPS. The trend of BHR's earnings can be summarized as follows:

1. **Recent Performance**: BHR's net income was -$21.77 million and total revenue was $173.34 million for the most recent quarter ending on December 31, 2024. The diluted EPS for the same period was not provided, but the company reported a decrease of 6.72% in its stock price.

|code|Ticker|Name|Date|Total Revenue|Net Income|market_code|
|---|---|---|---|---|---|---|
|BHR|BHR.N|Braemar|2024 Q1|2.19079E8|1.5482E7|169|
|BHR|BHR.N|Braemar|2024 Q2|1.87587E8|-1.3787E7|169|
|BHR|BHR.N|Braemar|2024 Q3|1.48398E8|3.9835E7|169|
|BHR|BHR.N|Braemar|2024 Q4|1.7334E8|-2.1767E7|169|

|code|Ticker|Name|Date|Diluted EPS YoY|Diluted EPS|market_code|
|---|---|---|---|---|---|---|
|BHR|BHR.N|Braemar|2024 Q1|0|0.05|169|
|BHR|BHR.N|Braemar|2024 Q2|-65|-0.33|169|
|BHR|BHR.N|Braemar|2024 Q3|96|-0.02|169|

2. **Growth Rates**: BHR experienced a year-over-year decrease of 1.32% in net income and a 2.36% decrease in total revenue for the latest quarter compared to the previous year. The company's diluted EPS did not show a growth rate due to the lack of comparative data.

|code|Ticker|Name|Date|Net Income YoY|Total Revenue YoY|Diluted EPS YoY|market_code|
|---|---|---|---|---|---|---|---|
|BHR|BHR.N|Braemar|2024 Q1|-6.757407853529269|1.7547526486175171|0|169|
|BHR|BHR.N|Braemar|2024 Q2|-339.35627788400257|0.4713267311884396|-65|169|
|BHR|BHR.N|Braemar|2024 Q3|276.17531290080046|-7.13575008917341|96|169|
|BHR|BHR.N|Braemar|2024 Q4|-1.3219755155239026|-2.362364392172767||169|

3. **Sales Impact**: The sale of the Hilton La Jolla Torrey Pines property had a significant impact on BHR's revenue and operating income. While the company reported a gain on this sale, the sale itself reduced its total revenue. For example, in the fiscal year 2023, BHR's total revenue decreased by 1.5% primarily due to this sale.
4. **Financial Highlights**: Despite the challenges, BHR has shown improvements in net income, operating income, and total revenue over the past years. For instance, the company reported a significant increase in operating income and a substantial improvement in net income, reflecting gains from asset dispositions.
5. **Strategic Initiatives**: BHR has been focused on strategic initiatives such as maximizing operating performance, cash flow, and the value of each hotel. The company has also been active in the market, with recent news articles reporting on earnings previews and analyst ratings.

In conclusion, BHR's earnings trend has been evolving negatively recently, with a decline in net income and revenue. The company's financial performance is influenced by asset sales and strategic decisions, which have both positive and negative impacts on its financial metrics.