Trip.com (TCOM) Soars 8.1%: Is Further Upside Left in the Stock?
ZACKS·2024-09-25 14:31

Group 1 - Trip.com (TCOM) shares increased by 8.1% to close at $53.06, supported by strong trading volume, and have gained 15.9% over the past four weeks [1] - The rise in Trip.com shares follows China's announcement of significant stimulus measures, marking the largest since the pandemic [1] - The company is expected to report quarterly earnings of $0.94 per share, reflecting a year-over-year decline of 6%, while revenues are projected to be $2.2 billion, an increase of 16.6% from the previous year [1] Group 2 - The consensus EPS estimate for Trip.com has been revised 1.2% higher in the last 30 days, indicating a positive trend that typically leads to price appreciation [2] - Trip.com is ranked 3 (Hold) by Zacks, while another company in the same industry, Carnival (CCL), has a Zacks Rank of 1 (Strong Buy) [2] - Carnival's EPS estimate has increased by 15.1% over the past month to $1.16, representing a year-over-year change of 34.9% [2]