Trip.com Rises as Earnings Estimates Point to a Sharp Decline
Shares gained as the broader market fell, while Zacks estimates forecast lower quarterly earnings and higher revenue year over year.
Trip.com shares closed at $39.10, up 1.19% in the latest session. The S&P 500 fell 0.25%, while the Dow lost 0.86% and the Nasdaq rose 0.24%.
The gain came after a weaker month for the stock. Trip.com shares had fallen 11.86% over the past month, compared with an 8.16% decline for the Consumer Discretionary sector and a 0.42% drop for the S&P 500.
Ahead of the company’s upcoming earnings report, Zacks consensus estimates call for earnings of $1.18 per share, down 69.51% from the same quarter a year earlier. Revenue is forecast at $2.81 billion, up 8.93%.
For the full year, Zacks estimates earnings of $3.70 per share and revenue of $10.02 billion. Those figures represent projected declines of 43.25% in earnings and growth of 14.43% in revenue from the prior year.
The consensus estimate for quarterly earnings per share has fallen 2.23% over the past month, according to Zacks. The source did not specify when Trip.com will report results.
This article was produced with the help of AI technology.
Source: Yahoo Finance
