Financial Results - Trip.com Group Limited (TCOM) is set to release its fourth-quarter financial results on February 24, with analysts expecting earnings of $3.95 per share, a decrease from $4.00 per share in the same period last year [1] - The company projects quarterly revenue of $12.32 billion, up from $10.32 billion a year earlier [1] Management Changes - On February 11, Trip.com announced the resignation of Mr. Junjie He, a director nominated by Baidu, and the appointment of Mr. Rong Luo, the executive vice president of Baidu Inc., as his successor [2] - Following this announcement, Trip.com shares increased by 1.4%, closing at $67.02 [2] Analyst Ratings - Benchmark analyst Fawne Jiang has a Buy rating with a price target of $80 [4] - Citigroup analyst Brian Gong maintains a Buy rating and raised the price target from $73 to $78 [4] - Barclays analyst Jiong Shao has an Overweight rating and increased the price target from $76 to $84 [4] - TD Cowen analyst Kevin Kopelman maintains a Buy rating and raised the price target from $56 to $71 [4] - Mizuho analyst James Lee has an Outperform rating and increased the price target from $65 to $78 [4]

Group 1: Company Performance - Trip.com closed at $66.11, reflecting a -0.85% change from the previous session, underperforming the S&P 500's daily loss of 0.43% [1] - Over the past month, Trip.com shares have decreased by 0.28%, lagging behind the Consumer Discretionary sector's gain of 14.82% and the S&P 500's gain of 2.6% [1] Group 2: Upcoming Earnings Report - Trip.com is scheduled to release its earnings on February 24, 2025, with projected earnings of $0.52 per share, indicating a year-over-year decline of 7.14% [2] - The consensus estimate for revenue is $1.69 billion, representing a 16.34% increase compared to the same quarter of the previous year [2] Group 3: Analyst Estimates and Ratings - Recent changes to analyst estimates for Trip.com reflect shifting business dynamics, with upward revisions indicating analysts' positive outlook on the company's operations [3] - Trip.com currently holds a Zacks Rank of 1 (Strong Buy), with no changes in the Zacks Consensus EPS estimate over the past month [5] Group 4: Valuation Metrics - Trip.com has a Forward P/E ratio of 16.71, which is lower than the industry average Forward P/E of 20.97, suggesting it is trading at a discount [6] - The company's PEG ratio is currently 0.6, compared to the Leisure and Recreation Services industry's average PEG ratio of 0.78 [7] Group 5: Industry Context - The Leisure and Recreation Services industry, part of the Consumer Discretionary sector, holds a Zacks Industry Rank of 49, placing it in the top 20% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]

Group 1 - Trip.com closed at $69.24, reflecting a -0.72% change from the previous day, underperforming the S&P 500's 0.01% loss, while the Dow dropped 0.37% and the Nasdaq increased by 0.41% [1] - Over the past month, Trip.com shares gained 5.97%, compared to a 9.91% gain in the Consumer Discretionary sector and a 4.88% gain in the S&P 500 [1] Group 2 - Trip.com is set to release its earnings on February 24, 2025, with projected EPS of $0.52, indicating a 7.14% decline from the same quarter last year, while revenue is expected to reach $1.69 billion, representing a 16.34% growth year-over-year [2] Group 3 - Recent modifications to analyst estimates for Trip.com are crucial as they reflect short-term business trends, with positive revisions indicating a favorable business outlook [3] - The Zacks Rank system, which incorporates estimate changes, has shown a correlation with stock price performance, with Trip.com currently holding a Zacks Rank of 1 (Strong Buy) [4][5] Group 4 - Trip.com has a Forward P/E ratio of 17.48, which is lower than the industry average of 20.57, and a PEG ratio of 0.63, compared to the industry average PEG ratio of 0.78 [6] Group 5 - The Leisure and Recreation Services industry, which includes Trip.com, has a Zacks Industry Rank of 37, placing it in the top 15% of over 250 industries, indicating strong performance potential [7]

Core Viewpoint - Trip.com Group Limited is set to announce its fourth quarter and full year results for 2024 on February 24, 2025, after market close [1] Group 1: Financial Announcement - The financial results announcement will take place on February 24, 2025, U.S. Time [1] - A conference call will be hosted by the management team at 7:00 PM U.S. Eastern Time on the same day [2] - The conference call will be available via live webcast and will be archived for twelve months [2] Group 2: Participation Details - Participants must pre-register to join the conference call using a provided registration link [2][3] - Upon registration, participants will receive dial-in numbers and a unique access PIN for the call [3] Group 3: Company Overview - Trip.com Group Limited is a leading global one-stop travel platform, offering a comprehensive suite of travel products and services [4] - The company operates under various brands, including Ctrip, Qunar, Trip.com, and Skyscanner, and aims to provide cost-effective travel bookings and support [4] - Founded in 1999, the company was listed on Nasdaq in 2003 and on HKEX in 2021 [4]

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Core Insights - Trip.com has consistently surpassed earnings estimates, with an average beat of 36.25% over the last two quarters [1][2] - The latest earnings report showed earnings of $1.25 per share against an estimate of $0.91, resulting in a surprise of 37.36% [2] - The previous quarter also saw a significant surprise, with actual earnings of $1 per share compared to an estimate of $0.74, yielding a surprise of 35.14% [2] Earnings Estimates - There has been a favorable change in earnings estimates for Trip.com, indicated by a positive Earnings ESP (Expected Surprise Prediction) [3][6] - The current Earnings ESP for Trip.com is +0.97%, suggesting analysts are optimistic about the company's earnings prospects [6] - The combination of a positive Earnings ESP and a Zacks Rank of 1 (Strong Buy) indicates a high likelihood of another earnings beat [6] Predictive Metrics - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [4] - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [5] - A negative Earnings ESP does not necessarily indicate an earnings miss but reduces the predictive power of the metric [6]

Core Viewpoint - Trip.com Group Limited (TCOM) has shown significant stock performance, gaining 32.5% over the past six months, outperforming its industry and the S&P 500 Index [1] Group 1: Company Performance - The Zacks Consensus Estimate for TCOM's 2025 earnings per share (EPS) has increased from $3.77 to $3.98, indicating a year-over-year growth of 7.3% [3] - The earnings estimates for the first quarter of 2025 have also risen to 88 cents from 87 cents, reflecting a 6% growth from the previous year [3] - TCOM has consistently surpassed earnings expectations in the last four quarters, with an average surprise of 42.8% [3] Group 2: Market Demand and Growth Initiatives - TCOM is benefiting from robust travel demand, both domestically and internationally, as easing macro conditions have led to increased consumer optimism and travel sentiments [5] - The domestic travel market in China is particularly strong, with a focus on lesser-known destinations contributing to local tourism growth [6] - The company is investing in growth initiatives to enhance its product offerings, including a diversified portfolio of travel and hotel booking packages [7] Group 3: Technological Advancements - TCOM is integrating artificial intelligence (AI) into its services to improve customer experience and meet personalized demands [8] - The international OTA platform has become the most downloaded OTA app in several APAC markets, with air ticket and hotel bookings growing over 60% year-over-year [8] Group 4: Valuation and Financial Metrics - TCOM is currently trading at a discount compared to industry peers based on a forward 12-month price-to-earnings (P/E) ratio, indicating it remains an attractive investment option [10] - The company's trailing 12-month return on equity (ROE) stands at 12%, significantly higher than the industry's 1.2%, showcasing its efficiency in utilizing shareholders' funds [12]

Core Insights - The article discusses the importance of due diligence in financial decision-making, emphasizing that individuals should not rely solely on provided information for investment actions [2]. Group 1 - The content includes general news and publications, personal analysis, and opinions intended for educational and research purposes [2]. - It highlights that the information is not directed personally to any individual and does not consider specific financial situations or needs [2]. - The website may include advertisements and promotional content, with potential compensation from third parties [2]. Group 2 - The article mentions that cryptocurrencies and contracts for difference (CFDs) are complex instruments with a high risk of losing money [2]. - It encourages individuals to perform their own research before making investment decisions and to avoid investing in instruments that are not fully understood [2].

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]

Core Viewpoint - Trip.com Group Limited (TCOM) has shown exceptional year-to-date performance, significantly outperforming the leisure and recreation services industry and the broader consumer discretionary sector [1][2]. Stock Performance - TCOM stock has increased by 81.2% year-to-date, compared to the industry growth of 22.6% and the S&P 500's 26.7% [1]. - As of the latest close, TCOM stock was priced at $65.25, below its 52-week high of $69.67 and above its 52-week low of $32.42 [2]. - TCOM has outperformed competitors such as Carnival Corporation (CCL), Norwegian Cruise Line Holdings (NCLH), and Live Nation Entertainment (LYV), which saw gains of 40.3%, 41.5%, and 47.1% respectively [2]. Technical Indicators - TCOM stock is trading above its 50-day moving average of $62.66 and its 200-day moving average of $51.23, indicating strong market sentiment [7]. Market Factors - The travel market is showing resilience, with a recovery in consumer confidence and increased demand for diverse travel experiences [8]. - Domestic and cross-border travel in China has seen significant growth, with travel bookings during the National Day holiday exceeding pre-pandemic levels [8]. - Outbound travel is also on the rise, with international flight market activity reaching about 80% of pre-pandemic levels and outbound hotel and air ticket bookings increasing to 120% of 2019 levels [10]. Consumer Trends - There is a notable shift in consumer preferences towards family travel, food, culture, and seasonal experiences, particularly among younger travelers [9]. - Travel bookings from lower-tier cities have surged, with increases of 100% and 300% from Tier 4 and Tier 5 cities respectively during the National Day holiday [12]. Technological Investments - TCOM is investing heavily in technology and AI to enhance user experience and operational efficiency, with AI reducing coding time for engineers by 15-30% [13][14]. - The company aims to improve customer service and content generation accuracy through AI integration [14]. Strategic Initiatives - TCOM is focused on innovation and collaboration with partners to enhance product offerings and customer loyalty [15]. - The company supports domestic hotels in increasing visibility and demand from international markets, with international bookings rising over 60% year-over-year [16]. Earnings Estimates - The Zacks Consensus Estimate for TCOM's 2024 earnings has increased, indicating a growth of 35.4% year-over-year, with 2025 estimates also trending upward [18]. - TCOM has consistently beaten earnings estimates, with an average surprise of 42.8% over the last four quarters [18]. Valuation - TCOM is currently valued at a premium compared to the industry average, with a forward 12-month price-to-sales ratio of 5.05X, higher than the industry's 2.40X [19]. Investment Outlook - TCOM is well-positioned for continued success due to a resilient travel market, strong outbound travel growth, and technological advancements [20]. - The company presents an attractive investment opportunity in the booming travel and tourism sector, currently holding a Zacks Rank 1 (Strong Buy) [21].