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Trip.com (TCOM) Tops Q1 Earnings and Revenue Estimates
TCOMTRIP.COM(TCOM) zacks.com·2024-05-21 00:10

Financial Performance - Trip.com reported quarterly earnings of 0.83pershare,exceedingtheZacksConsensusEstimateof0.83 per share, exceeding the Zacks Consensus Estimate of 0.62 per share, and up from 0.45pershareayearago,representinganearningssurpriseof33.870.45 per share a year ago, representing an earnings surprise of 33.87% [1] - The company posted revenues of 1.65 billion for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 2.25%, and an increase from 1.34billionyear−over−year[1]−Overthelastfourquarters,Trip.comhasconsistentlysurpassedconsensusEPSandrevenueestimates[1]StockPerformance−Trip.comshareshaveincreasedapproximately57.81.34 billion year-over-year [1] - Over the last four quarters, Trip.com has consistently surpassed consensus EPS and revenue estimates [1] Stock Performance - Trip.com shares have increased approximately 57.8% since the beginning of the year, significantly outperforming the S&P 500's gain of 11.2% [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is 0.76 on revenues of 1.84billion,andforthecurrentfiscalyear,itis1.84 billion, and for the current fiscal year, it is 2.96 on revenues of 7.36billion[4]−TheestimaterevisionstrendforTrip.comiscurrentlyunfavorable,resultinginaZacksRank4(Sell),indicatingexpectedunderperformanceinthenearfuture[4]IndustryContext−TheLeisureandRecreationServicesindustry,towhichTrip.combelongs,iscurrentlyrankedinthebottom437.36 billion [4] - The estimate revisions trend for Trip.com is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [4] Industry Context - The Leisure and Recreation Services industry, to which Trip.com belongs, is currently ranked in the bottom 43% of over 250 Zacks industries, suggesting potential challenges ahead [5] - Vail Resorts, another company in the same industry, is expected to report quarterly earnings of 9.99 per share, reflecting a year-over-year increase of 22.1%, with revenues anticipated to be $1.31 billion, up 5.9% from the previous year [6]