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Why Trip.com (TCOM) Might be Well Poised for a Surge
TCOMTRIP.COM(TCOM) Zacks Investment Research·2024-02-07 18:21

Core Viewpoint - Trip.com (TCOM) is positioned as a strong investment opportunity due to its improving earnings outlook and analysts' increasing earnings estimates [1][2]. Earnings Estimates - Current-quarter earnings estimate is 0.34pershare,reflectingasignificantyearoveryearincreaseof+209.090.34 per share, reflecting a significant year-over-year increase of +209.09% [3]. - For the full year, the expected earnings are 2.36 per share, indicating a remarkable year-over-year change of +713.79% [4]. - Over the past month, the Zacks Consensus Estimate for Trip.com has risen by 13.33% for the current quarter and 8.51% for the full year, with no negative revisions reported [3][4]. Zacks Rank - Trip.com has achieved a Zacks Rank 1 (Strong Buy), indicating strong potential for outperformance based on favorable earnings estimate revisions [5]. - Research indicates that stocks with Zacks Rank 1 and 2 significantly outperform the S&P 500 [5]. Stock Performance - Trip.com shares have increased by 5.5% over the past four weeks, suggesting positive investor sentiment driven by the company's earnings growth prospects [6].