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Americold Realty (COLD)
NYSE:COLD
Holding COLD?
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.1Last Year’s EPS
-$0.8Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -14.96%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed sentiment. While there are significant advancements in financial metrics, development projects, and ESG performance, challenges persist with economic occupancy and consumer demand. The company maintains a positive outlook with strategic developments and technology implementations.Company Guidance
In the third quarter 2024 earnings call for Americold Realty Trust, management provided a comprehensive update on financial performance and guidance. The company reported an AFFO of approximately $100 million, translating to $0.35 per share, marking an 11% increase from the same period last year. Same-store NOI reached $201 million, also reflecting an 11% growth year-over-year. The team highlighted a notable improvement in warehouse services margins, which rose to 14%, up almost 11 percentage points from the previous year. Key operational metrics included a perm to temp hours ratio of 75:25, an associate turnover rate of 32%, and an economic occupancy rate dipping to about 77%. Americold maintained its AFFO per share guidance for the full year at $1.44 to $1.50, representing a 16% growth from 2023. Development activity also exceeded expectations, with over $305 million in projects announced, surpassing the initial guidance range of $200 million to $300 million. The company remains focused on technology advancements, such as Project Orion, and strategic growth initiatives to navigate challenges like weak consumer demand.Increased AFFO and NOI
AFFO increased to approximately $100 million or $0.35 per share, up over 11% from Q3 last year. Same-store NOI was approximately $201 million, up 11% from prior year.
Strong Warehouse Services Margins
Warehouse services achieved a third consecutive quarter of double-digit margins at 14%, up almost 11 percentage points from prior year.
Development Exceeding Expectations
Exceeded guidance with $305 million in development projects, including a $148 million automated expansion in Dallas-Fort Worth.
Positive ESG Performance
GRESB score increased to 81 out of 100, finishing first in standing investments in its predefined peer group.
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COLD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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COLD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $25.26 | $23.17 | -8.27% |
| Aug 08, 2024 | $28.73 | $29.10 | +1.29% |
| May 09, 2024 | $22.56 | $23.74 | +5.23% |
| Feb 22, 2024 | $27.59 | $25.12 | -8.95% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Americold Realty (COLD) report earnings?
Americold Realty (COLD) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Americold Realty (COLD) earnings time?
Americold Realty (COLD) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is COLD EPS forecast?
COLD EPS forecast for the fiscal quarter 2024 (Q4) is $0.1.
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