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Americold Realty Trust, Inc. (COLD) Q3 2024 Earnings Call Transcript
Americold Realty Trust, Inc. (NYSE:COLD ) Q3 2024 Earnings Conference Call November 7, 2024 8:00 AM ET Company Participants Kevin Reed - VP, IR George Chappelle - CEO Robert Chambers - President, Americas Jay Wells - CFO Conference Call Participants Nicholas Thillman - Baird Michael Mueller - J.P. Morgan Samir Khanal - Evercore ISI Vince Tibone - Green Street Josh Dennerlein - Bank of America Ki Bin Kim - Truist Securities Michael Carroll - RBC Capital Markets Todd Thomas - KeyBanc Capital Markets Blaine Heck - Wells Fargo Operator Greetings, and welcome to Americold Realty Trust Third Quarter 2024 Earnings Call.
Compared to Estimates, Americold Realty Trust (COLD) Q3 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Americold Realty Trust (COLD) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Americold Realty Trust Inc. (COLD) Q3 FFO and Revenues Lag Estimates
Americold Realty Trust Inc. (COLD) came out with quarterly funds from operations (FFO) of $0.35 per share, missing the Zacks Consensus Estimate of $0.36 per share. This compares to FFO of $0.32 per share a year ago.
Gear Up for Americold Realty Trust (COLD) Q3 Earnings: Wall Street Estimates for Key Metrics
Get a deeper insight into the potential performance of Americold Realty Trust (COLD) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Essential Business Spotlight: Cold Storage
Cold Storage REITs like Americold and Lineage are essential due to their role in reducing food spoilage and supporting the cold chain infrastructure. Key growth drivers include online grocery adoption, increased frozen food consumption, recovering margins, and consolidation opportunities, making Cold Storage REITs attractive investments. Despite operational challenges, COLD's management has navigated well, and the company is poised for strong AFFO growth, justifying an overweight position.
Here is Why Growth Investors Should Buy Americold Realty Trust (COLD) Now
Americold Realty Trust (COLD) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Americold Realty Trust (COLD) Upgraded to Buy: What Does It Mean for the Stock?
Americold Realty Trust (COLD) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Americold: 2 Likely Paths To Success For The Beaten REIT
Cold storage facilities are specialized, capital intensive, and expensive, so REITs often avoid them. Americold Realty or COLD is a leading cold storage REIT that has seen significant growth since going public in 2018, but recent performance has slowed. Despite recent challenges, COLD has potential for valuation improvement or acquisition, offering opportunities for shareholder value.
Americold Realty Trust (COLD) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Americold Realty Trust (COLD) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Americold Realty Trust Inc. (COLD) Q2 FFO Top Estimates
Americold Realty Trust Inc. (COLD) came out with quarterly funds from operations (FFO) of $0.38 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to FFO of $0.28 per share a year ago.
Unlocking Q2 Potential of Americold Realty Trust (COLD): Exploring Wall Street Estimates for Key Metrics
Beyond analysts' top -and-bottom-line estimates for Americold Realty Trust (COLD), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2024.
