Brokerages Expect TripAdvisor, Inc. (NASDAQ:TRIP) Will Announce Quarterly Sales of $149.63 Million


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Brokerages forecast that TripAdvisor, Inc. (NASDAQ:TRIP) will report sales of $149.63 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for TripAdvisor’s earnings. The lowest sales estimate is $128.00 million and the highest is $171.49 million. TripAdvisor posted sales of $278.00 million in the same quarter last year, which suggests a negative year over year growth rate of 46.2%. The firm is expected to report its next quarterly earnings results on Thursday, May 6th.

On average, analysts expect that TripAdvisor will report full year sales of $898.65 million for the current year, with estimates ranging from $801.39 million to $958.00 million. For the next fiscal year, analysts forecast that the business will report sales of $1.25 billion, with estimates ranging from $1.16 billion to $1.36 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover TripAdvisor.

TripAdvisor (NASDAQ:TRIP) last posted its earnings results on Thursday, February 18th. The travel company reported ($0.41) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.42) by $0.01. TripAdvisor had a negative net margin of 24.54% and a negative return on equity of 15.76%.

A number of analysts recently commented on the company. Sanford C. Bernstein began coverage on TripAdvisor in a research report on Monday, November 30th. They issued an “outperform” rating and a $35.00 target price for the company. Zacks Investment Research downgraded shares of TripAdvisor from a “hold” rating to a “sell” rating and set a $28.00 target price for the company. in a report on Friday, January 29th. Stifel Nicolaus upped their price objective on TripAdvisor from $26.00 to $39.00 and gave the company a “hold” rating in a research note on Monday. DA Davidson lifted their price objective on TripAdvisor from $26.00 to $46.00 in a report on Monday. Finally, Wells Fargo & Company increased their price objective on TripAdvisor from $32.00 to $47.00 and gave the stock an “equal weight” rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $31.00.

In other news, SVP Seth J. Kalvert sold 18,975 shares of the stock in a transaction that occurred on Monday, December 21st. The shares were sold at an average price of $25.69, for a total transaction of $487,467.75. Following the sale, the senior vice president now owns 34,098 shares in the company, valued at $875,977.62. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Ernst 02494 Teunissen sold 32,722 shares of the firm’s stock in a transaction that occurred on Friday, January 8th. The shares were sold at an average price of $34.00, for a total transaction of $1,112,548.00. Following the sale, the chief financial officer now directly owns 23,603 shares of the company’s stock, valued at approximately $802,502. The disclosure for this sale can be found here. Insiders sold 52,047 shares of company stock worth $1,610,040 over the last three months. Corporate insiders own 3.50% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Tabor Asset Management LP bought a new stake in shares of TripAdvisor in the 4th quarter worth $1,984,000. Truist Financial Corp purchased a new stake in shares of TripAdvisor during the fourth quarter valued at $371,000. Tenzing Global Management LLC bought a new stake in TripAdvisor in the 4th quarter worth about $7,195,000. Cetera Advisors LLC bought a new stake in TripAdvisor in the 4th quarter worth about $333,000. Finally, Walleye Capital LLC purchased a new position in TripAdvisor in the 4th quarter worth about $2,826,000. Institutional investors and hedge funds own 69.51% of the company’s stock.

TRIP traded up $0.48 during trading on Thursday, reaching $45.19. 274,526 shares of the stock traded hands, compared to its average volume of 2,947,933. The stock’s 50-day moving average is $34.74 and its 200 day moving average is $26.16. TripAdvisor has a 12 month low of $13.73 and a 12 month high of $46.48. The stock has a market capitalization of $6.08 billion, a PE ratio of -29.49 and a beta of 1.48. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 0.54.

TripAdvisor Company Profile

TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotels, Media & Platform; and Experiences & Dining. The company operates TripAdvisor-branded Websites, including tripadvisor.com in the United States; and localized versions of the Website in 48 markets and 28 languages.

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Earnings History and Estimates for TripAdvisor (NASDAQ:TRIP)

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