Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Trip.com (TCOM) , which belongs to the Zacks Leisure and Recreation Services industry, could be a great candidate to consider.When looking at the last two reports, this travel services company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 36.25%, on average, in the last two quarters.For the last repo ...

Trip.com Group Limited (TCOM) has gained 32.5% in the past six months, outperforming the Zacks Leisure and Recreation Services industry, the Zacks Consumer Discretionary sector and the S&P 500 Index. The detailed price performance is shown in the chart below.Image Source: Zacks Investment ResearchThis China-based travel service provider is banking on investments made in several growth initiatives amid global travel demand. The company’s continuous efforts to enhance and diversify its offerings along with th ...

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Brokerage Recommendations and ABR - Trip com currently has an average brokerage recommendation ABR of 1 13 on a scale of 1 to 5 Strong Buy to Strong Sell calculated based on the actual recommendations made by 19 brokerage firms An ABR of 1 13 approximates between Strong Buy and Buy [2] - Of the 19 recommendations that derive the current ABR 17 are Strong Buy and one is Buy Strong Buy and Buy respectively account for 89 5 and 5 3 of all recommendations [2] - Brokerage recommendations often have a strong positive bias due to the vested interest of brokerage firms in the stocks they cover For every Strong Sell recommendation brokerage firms assign five Strong Buy recommendations [5] Zacks Rank and Earnings Estimate Revisions - The Zacks Rank is a quantitative model designed to harness the power of earnings estimate revisions and is displayed in whole numbers 1 to 5 unlike the ABR which is displayed in decimals [8] - Earnings estimate revisions are at the core of the Zacks Rank and empirical research shows a strong correlation between trends in earnings estimate revisions and near term stock price movements [10] - The Zacks Rank is always timely in predicting future stock prices as it quickly reflects the revisions made by brokerage analysts to their earnings estimates [11] Trip com s Earnings Prospects - The Zacks Consensus Estimate for Trip com s current year earnings has increased 12 3 over the past month to 3 71 indicating growing optimism among analysts about the company s earnings prospects [12] - The recent change in the consensus estimate along with three other factors related to earnings estimates has resulted in a Zacks Rank 1 Strong Buy for Trip com [13] - The Buy equivalent ABR for Trip com may serve as a useful guide for investors considering the company s strong earnings estimate revisions and Zacks Rank [13]

Shares of Trip.com Group Limited (TCOM) have demonstrated a strong year-to-date (YTD) performance, outpacing the Zacks Leisure and Recreation Services industry. The stock has soared 81.2%, surpassing the industry's 22.6% growth. Meanwhile, the broader Zacks Consumer Discretionary sector has risen 14.4%, and the S&P 500 has rallied 26.7% in the same period.As of Monday, the stock closed at $65.25, below its 52-week high of $69.67 but well above its 52-week low of $32.42. The TCOM stock has outperformed some ...

携程（TCOM.O） 更新报告 | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------|----------------|------------------------------------|-----------------------------|----------------------------|-------------------|---------------------------------| | | 买入 | | | | | 2024 | 年 11 月 19 日 | | 国内市场保持强劲，海外市场持续扩张 | | | | | | 黎航荣 | | ...

Investment Rating - Maintain BUY rating with a target price of US$71 0, representing a 15 8% upside from the current price of US$61 32 [1][2] Core Views - Trip com Group (TCOM) reported strong 3Q24 results with total revenue of RMB15 9bn, up 16% YoY, 2% above Bloomberg consensus estimates [1] - Non-GAAP operating income (OP) was RMB5 5bn, 6% better than consensus, driven by optimized sales and marketing spend [1] - Domestic business volume growth exceeded expectations, and outbound business recovery is on track, reaching 120% of 2019 levels in 3Q24 [1] - Incremental investment in international expansion is expected to support long-term revenue and earnings growth [1] - DCF-based target price raised by 8% to US$71 0, reflecting a more positive earnings outlook and valuation rollover to 2025E [1][10] Financial Performance Revenue and Profitability - 3Q24 revenue: RMB15 9bn, up 16% YoY, with domestic hotel reservations growing by mid-to-high-teens YoY and outbound air and hotel reservations recovering to 120% of 2019 levels [1] - Non-GAAP OPM for 3Q24 was 34 4%, 1 5ppts better than consensus, driven by efficient S&M spend [1] - 4Q24E revenue estimated at RMB12 4bn, up 20% YoY, 2% ahead of consensus [1] - Non-GAAP OPM for 4Q24E/2024E estimated at 20 7%/30 3%, compared to 25 6%/29 6% in 4Q23/2023 [1] Segment Performance - Domestic air tickets volume grew by mid-to-high single digits (MHSD) YoY in 3Q24, with a similar trend in 4Q24 QTD [1] - Outbound air and hotel reservations outperformed the industry by ~40ppts, reaching 120% of 2019 levels in 3Q24 [1] - Trip com achieved robust YoY revenue growth of ~60% in 3Q24, driven by strong growth in air tickets and hotel reservations [1] Forecasts - Revenue for 2024E/2025E/2026E estimated at RMB52 985bn/60 765bn/67 886bn, with YoY growth of 18 9%/14 7%/11 7% [5] - Adjusted net profit for 2024E/2025E/2026E estimated at RMB16 811 7bn/17 807 3bn/20 149 2bn, with YoY growth of 28 6%/5 9%/13 2% [5] Valuation and Growth - DCF-based target price of US$71 0, translating into 21 3x/20 7x 2024E/2025E PE (non-GAAP) [1][10] - Non-GAAP OP expected to grow at a 23-25E CAGR of 19% [1] - Gross margin for 2024E/2025E/2026E estimated at 81 5%/81 4%/81 4%, with operating margin at 26 3%/27 4%/28 5% [5][19] International Expansion - Trip com's international expansion, particularly in Asia, is supported by low online penetration and strong supply chain capabilities [1] - The company is expected to achieve a better OPM profile in international markets compared to domestic business, driven by higher AOV for international hotels and higher take rates for international ticketing [1]

市值上限(百万美元) 平均 3 个月 t / o(百万美元) 52w 高 / 低(美元) 已发行股份总数(百万) 40,292.9 100.9 68.43/32.76 657.1 来源 ： FactSet 股权结构 百度实体 摩根士丹利 来源 ： 港交所 10.8% 5.8% 份额业绩 绝对 相对 1-mth 3-mth 6-mth 0.1% -1.5% 42.9% 35.9% 7.9% -4.2% CMB 国际全球市场 | 股票研究 | 公司更新 20 Nov 2024 Trip. com (TCOM US) 稳健的业务增长势头持续 Trip.com集团（TCOM）于（19年11月）发布了2024年第三季度财报：总收入 为人民币159亿元，同比增长16%，超出彭博一致预期2%；非GAAP运营利润 为人民币55亿元，超出预期6%，得益于销售和营销支出比预期更为优化。扣除 联营公司收益（5.58亿元）后，非GAAP净利润为人民币54亿元，超出预期13 %。国内业务量的增长比我们先前的预期更加稳健，出境业务复苏进展顺利。 对Trip.com国际扩张的额外投资应有助于长期收入和盈利增长。考虑到更好的 营收增长预期带 ...

Michael Wiggins De Oliveira is an inflection investor. This means buying into cheap companies at the moment when their narrative is changing and the business is on a path toward becoming significantly more profitable over the next year.With a focus on tech and “the Great Energy Transition (including uranium)”, Michael runs a concentrated portfolio with approximately 15 to 20 stocks and an average holding period of 18 months. Through his 10+ years analyzing countless companies, Michael has accumulated outsta ...

Trip.com Group Limited (NASDAQ:TCOM) Q3 2024 Results Conference Call November 18, 2024 7:00 PM ET Company Participants James Liang - Executive Chairman Jane Sun - Chief Executive Officer Cindy Wang - Chief Financial Officer Michelle Qi - Senior IR Director Conference Call Participants Yang Liu - Morgan Stanley Brian Gong - Citi John Choi - Daiwa Andre Chang - JPMorgan Boris Van - Bernstein Wei Xiong - UBS Wei Fang - Mizuho Jiong Shao - Barclays Parash Jain - HSBC Operator [Call starts Abruptly] Third Quarte ...