Zacks: Brokerages Anticipate Trip.com Group Limited (NASDAQ:TCOM) Will Post Quarterly Sales of $1.17 Billion
Brokerages expect Trip.com Group Limited (NASDAQ:TCOM) to report $1.17 billion in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Trip.com Group’s earnings, with estimates ranging from $1.15 billion to $1.18 billion. Trip.com Group posted sales of $1.10 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 6.4%. The firm is scheduled to announce its next quarterly earnings results on Monday, March 2nd.
According to Zacks, analysts expect that Trip.com Group will report full year sales of $5.12 billion for the current year, with estimates ranging from $5.07 billion to $5.18 billion. For the next fiscal year, analysts forecast that the business will report sales of $5.74 billion, with estimates ranging from $5.66 billion to $5.84 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Trip.com Group.
Trip.com Group (NASDAQ:TCOM) last announced its earnings results on Wednesday, November 13th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.17 by $0.26. Trip.com Group had a return on equity of 4.31% and a net margin of 11.15%. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.51 billion.
Several hedge funds and other institutional investors have recently bought and sold shares of TCOM. Herald Investment Management Ltd acquired a new stake in shares of Trip.com Group during the third quarter worth approximately $486,000. Neumann Advisory Hong Kong Ltd acquired a new position in Trip.com Group in the 4th quarter valued at approximately $5,240,000. Finally, DNB Asset Management AS acquired a new position in Trip.com Group in the 4th quarter valued at approximately $16,612,000. 65.96% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ TCOM traded down $0.06 during mid-day trading on Friday, hitting $37.59. 1,089,551 shares of the company traded hands, compared to its average volume of 2,842,287. Trip.com Group has a 1 year low of $28.55 and a 1 year high of $46.50. The company has a market cap of $20.29 billion, a price-to-earnings ratio of 39.98, a P/E/G ratio of 2.20 and a beta of 1.59. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.21.
Trip.com Group Company Profile
Trip.com Group Limited operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in China. The company acts as an agent for hotel-related transactions and selling air tickets; and provides other related services, including sale of aviation and train insurance, air-ticket delivery services, online check-in, and other value-added services, such as online seat selection, express security check, and real-time flight status.
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