Trip.com (TCOM) Stock Falls Amid Market Uptick: What Investors Need to Know
ZACKS·2024-08-09 23:00

Company Performance - Trip.com (TCOM) closed at $41.87, reflecting a -0.92% change compared to the previous day, underperforming the S&P 500's gain of 0.47% [1] - Over the past month, Trip.com shares have decreased by 14.26%, while the Consumer Discretionary sector and the S&P 500 have lost 2.38% and 4.45%, respectively [1] - The upcoming earnings disclosure is projected to show earnings of $0.74 per share, indicating a year-over-year growth of 5.71%, with revenue expected to reach $1.78 billion, a 14.96% increase from the same quarter last year [1] Fiscal Year Estimates - For the entire fiscal year, earnings are estimated at $3.20 per share and revenue at $7.31 billion, representing increases of +16.79% and +17.4% from the prior year [2] - Recent revisions to analyst forecasts for Trip.com are crucial as they reflect short-term business trends, with positive changes indicating a favorable outlook on the company's health and profitability [2] Valuation and Industry Ranking - Trip.com has a Zacks Rank of 4 (Sell), with the Zacks Consensus EPS estimate having decreased by 3.45% in the past month [3] - The company has a Forward P/E ratio of 13.21, which is lower than the industry average of 17.92, indicating that Trip.com is trading at a discount compared to its peers [3] - The Leisure and Recreation Services industry, part of the Consumer Discretionary sector, holds a Zacks Industry Rank of 205, placing it in the bottom 19% of over 250 industries [3]