Why GreenTree Hospitality Stock Tanked 16% on Thursday
Shares of GreenTree Hospitality Group (NYSE: GHG) were down as much as 16% during Thursday trading. The Chinese hotel operator reported its earnings after the close yesterday, posting a disappointing earnings per share (EPS) number. As of 11:42 a.m. EST, the stock is down 9.8% on the day.
On Jan. 12, GreenTree Hospitality released its earnings for the third quarter of 2021. EPS came in at $0.49 for the period, missing the consensus estimates of $1.21 by a wide margin. Given how much importance many investors place on an EPS number, this big miss is likely why GreenTree Hospitality stock is down so much on Thursday.
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Source Fool.com
