Q1 2024 Earnings Estimate for Tripadvisor, Inc. Issued By Wedbush (NASDAQ:TRIP)

Tripadvisor, Inc. (NASDAQ:TRIP) – Research analysts at Wedbush lowered their Q1 2024 EPS estimates for shares of Tripadvisor in a report released on Wednesday, April 17th. Wedbush analyst S. Devitt now anticipates that the travel company will post earnings of ($0.28) per share for the quarter, down from their previous forecast of ($0.23). Wedbush currently has a “Neutral” rating and a $30.00 target price on the stock. The consensus estimate for Tripadvisor’s current full-year earnings is $0.88 per share. Wedbush also issued estimates for Tripadvisor’s Q2 2024 earnings at $0.42 EPS, Q3 2024 earnings at $0.56 EPS, Q4 2024 earnings at $0.27 EPS, FY2024 earnings at $0.97 EPS and FY2025 earnings at $1.38 EPS.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Wednesday, February 14th. The travel company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.14. The company had revenue of $390.00 million for the quarter, compared to analysts’ expectations of $372.93 million. Tripadvisor had a net margin of 0.56% and a return on equity of 11.69%.

Several other research analysts also recently weighed in on the stock. The Goldman Sachs Group lifted their target price on shares of Tripadvisor from $23.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Ascendiant Capital Markets lifted their target price on shares of Tripadvisor from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, December 29th. BMO Capital Markets lifted their target price on shares of Tripadvisor from $20.00 to $23.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. Mizuho lifted their target price on shares of Tripadvisor from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, February 16th. Finally, Truist Financial lifted their target price on shares of Tripadvisor from $18.00 to $28.00 and gave the stock a “hold” rating in a research report on Thursday, March 14th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $24.12.

Tripadvisor Stock Performance

Tripadvisor stock opened at $26.12 on Monday. The firm’s 50 day simple moving average is $26.93 and its 200-day simple moving average is $21.77. The company has a market cap of $3.60 billion, a P/E ratio of 435.33, a price-to-earnings-growth ratio of 1.58 and a beta of 1.57. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.27 and a quick ratio of 2.27. Tripadvisor has a fifty-two week low of $14.15 and a fifty-two week high of $28.76.

Institutional Trading of Tripadvisor

Several large investors have recently added to or reduced their stakes in TRIP. AQR Capital Management LLC grew its position in Tripadvisor by 38.1% in the third quarter. AQR Capital Management LLC now owns 5,115,807 shares of the travel company’s stock worth $84,820,000 after acquiring an additional 1,410,932 shares in the last quarter. Norges Bank bought a new stake in Tripadvisor in the fourth quarter worth approximately $27,807,000. Vanguard Group Inc. grew its position in Tripadvisor by 11.7% in the third quarter. Vanguard Group Inc. now owns 12,084,674 shares of the travel company’s stock worth $200,364,000 after acquiring an additional 1,263,706 shares in the last quarter. Kettle Hill Capital Management LLC bought a new stake in Tripadvisor in the third quarter worth approximately $19,626,000. Finally, Maple Rock Capital Partners Inc. bought a new stake in Tripadvisor in the third quarter worth approximately $16,431,000. 98.99% of the stock is owned by institutional investors.

About Tripadvisor

TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Brand Tripadvisor, Viator, and TheFork. The Brand Tripadvisor segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.