How did PEB's Q4 2024 EPS surprise impact investor confidence?

Pebblebrook Hotel's (PEB) Q4 2024 EPS surprise of -$0.13 likely had a negative impact on investor confidence, considering the following points:

1. **EPS Surprise Context**: The EPS surprise of -$0.13 indicates that the company's actual performance for the quarter was significantly lower than what investors might have anticipated, based on the average forecast.

2. **Historical Performance**: While Q3 2024 showcased strong RevPAR growth and strategic debt management, the Q4 performance seemed to underwhelm. The negative surprise could indicate a slowdown or unexpected challenges within the period, potentially affecting investor confidence in the company's consistent performance across seasons.
3. **Market Reaction**: The market's immediate reaction to earnings announcements can be volatile. Given that PEB's stock price decreased by 10.77% following the Q4 2024 EPS surprise, it suggests that investors may have reacted negatively to the news, leading to a decline in confidence.
4. **Industry Trends**: It's important to consider the broader hotel industry trends. If the overall sector was experiencing challenges or if PEB's performance was deemed weaker than peers, this could further contribute to a decline in investor confidence in PEB.

In summary, the negative EPS surprise for Q4 2024 likely eroded investor confidence in Pebblebrook Hotel, given the unexpected decline in performance and potential concerns over the company's resilience in challenging market conditions.