Trip.com (TCOM) Q3 Earnings and Revenues Top Estimates

Group 1: Earnings Performance - Trip.com reported quarterly earnings of $1.25 per share, exceeding the Zacks Consensus Estimate of $0.91 per share, and up from $1 per share a year ago, representing an earnings surprise of 37.36% [1] - The company has surpassed consensus EPS estimates in all four of the last quarters [2] - Trip.com posted revenues of $2.26 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 2.93%, compared to year-ago revenues of $1.88 billion [2] Group 2: Stock Performance - Trip.com shares have increased approximately 65.2% since the beginning of the year, significantly outperforming the S&P 500's gain of 23.1% [4] - The current consensus EPS estimate for the upcoming quarter is $0.57 on revenues of $1.71 billion, and for the current fiscal year, it is $3.36 on revenues of $7.35 billion [8] Group 3: Industry Outlook - The Leisure and Recreation Services industry, to which Trip.com belongs, is currently ranked in the top 8% of over 250 Zacks industries, indicating a favorable outlook [9] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that investors should monitor these revisions closely [6]