TripAdvisor Likely To Report Lower Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
TripAdvisor, Inc. (NASDAQ:TRIP) is anticipated to report lower earnings for Q1, with expectations set at 2 cents per share compared to 5 cents per share in the previous year. Revenue is projected to increase to $394.86 million from $359.41 million. Despite better-than-expected Q4 results, TRIP shares slightly declined. Analysts from Citigroup, Truist Securities, Mizuho, UBS, and B. Riley Securities have recently updated their ratings and price targets for TripAdvisor, reflecting a mix of neutral and positive outlooks.
May 08, 2024 | 7:58 am
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TripAdvisor is expected to report lower Q1 earnings per share but with an increase in revenue. Analysts have mixed ratings with several price target adjustments.
The anticipation of lower earnings per share could negatively impact investor sentiment in the short term. However, the projected increase in revenue and the recent positive adjustments in price targets by analysts could mitigate negative impacts. The mixed outlook from analysts, with several maintaining a neutral stance while others are more bullish, suggests a cautious optimism around the stock. The slight decline in share price following the earnings expectation announcement indicates market sensitivity to earnings projections, but the overall impact is balanced by positive revenue projections and analyst endorsements.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100