Streetbeat News

TRIP

Tripadvisor, Inc.

https://www.tripadvisor.com

Industry

Travel Services

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 40 markets and 20 languages. It also manages and operates other travel media brands that provide users the comprehensive travel-planning and trip-taking resources in the travel industry, such as bokun.io, cruisecritic.com, flipkey.com, thefork.com, helloreco.com, holidaylettings.co.uk, holidaywatchdog.com, housetrip.com, jetsetter.com, niumba.com, seatguru.com, singleplatform.com, vacationhomerentals.com, and viator.com. In addition, the company provides information and services for consumers to research and book restaurants reservation in travel destinations; and vacation and short-term rental properties, including full home, condominiums, villas, beach properties, cabins, and cottages. As of December 31, 2020, it featured 1 billion reviews and opinions on 1 billion hotels and other accommodations, restaurants, experiences, airlines, and cruises. TripAdvisor, Inc. was founded in 2000 and is headquartered in Needham, Massachusetts.

Open

16.21

Mkt cap

2.1B

Volume

5.4M

High

16.66

P/E Ratio

90.94

52-wk high

28.76

Low

15.36

Div yield

N/A

52-wk low

12.93

TripAdvisor Inc's Q3 earnings report showed a 16% YoY increase in revenue to $533 million, beating the consensus estimate of $505.24 million. The company also reported adjusted quarterly earnings of 52 cents per share, surpassing analyst estimates of 47 cents per share. The company ended the quarter with $1.1 billion in cash and equivalents. Following the report, TripAdvisor shares were up 7.82% in after-hours trading.

Portfolio Pulse from Adam Eckert

November 06, 2023 | 9:17 pm

TripAdvisor reported better-than-expected Q3 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 9:16 pm

TripAdvisor reported Q3 adjusted earnings of $0.52 per share, beating the analyst consensus estimate of $0.46 by 13.04%. The company also reported quarterly sales of $533.00 million, surpassing the analyst consensus estimate of $505.24 million by 5.54%. This represents a 16.12% increase over sales of $459.00 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 9:08 pm

US stock futures are holding up early Monday, indicating a potential extension of last week's gains. The market's performance will be influenced by a scheduled Fed speech and the release of several earnings reports, mostly from small and mid-cap companies. Despite the recent rally, analysts remain cautious due to the lack of breadth in the market. The rise in bond yields may also cause unease among traders. In premarket trading, the SPDR S&P 500 ETF Trust and the Invesco QQQ ETF both saw gains. Several companies, including Tesla, Berkshire Hathaway, and DISH Network, are in focus due to premarket trading activity and upcoming earnings reports.

Portfolio Pulse from Shanthi Rexaline

November 06, 2023 | 11:47 am

TripAdvisor (NASDAQ:TRIP) is set to release its latest quarterly earnings report on November 6, 2023. Analysts estimate an earnings per share (EPS) of $0.46. The company's past performance shows a trend of share price drops following earnings misses. The stock is currently trading at $14.66, down 34.29% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 4:02 pm

Analysts predict a positive outlook for Trip.com Group Limited (NASDAQ:TCOM), a leader in the Chinese travel sector, as the domestic travel market shows stronger-than-expected demand. The company reported Q2 profits of $89 million, beating analyst expectations, and an increase in sales of over 180% from the same year-ago period. Despite a recent increase in short-side bets on Trip.com’s stock, analysts maintain a Buy rating, with an average price target of $50. The company's stock is currently trading around $35.

Portfolio Pulse from Daniel Harrison

October 31, 2023 | 1:41 pm

Goldman Sachs analyst Benjamin Miller initiated coverage on TripAdvisor Inc (TRIP), Clear Secure Inc (YOU), and Vacasa Inc (VCSA). TRIP and YOU received a Buy rating with price targets of $22 and $24 respectively, while VCSA received a Neutral rating with a price target of $11. Miller sees growth potential in TRIP and YOU, while he awaits better visibility into VCSA's demand trends.

Portfolio Pulse from Anusuya Lahiri

October 17, 2023 | 4:57 pm

Goldman Sachs analyst Benjamin Miller has initiated coverage on TripAdvisor with a Buy rating and a price target of $22.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 9:59 am

The cruise sector is witnessing a resurgence with a significant increase in ticket prices. Top cruise companies, Carnival Corp (NYSE:CCL) and Royal Caribbean Cruises Ltd (NYSE:RCL), have set their ticket prices higher than pre-pandemic levels. There's speculation of further price hikes, despite these companies already reaching pre-pandemic profits. Data from Cruise Critic, a platform under Tripadvisor Inc (NASDAQ:TRIP), shows a 43% rise in the average rate for a five-night Caribbean cruise compared to 2019.

Portfolio Pulse from Shivani Kumaresan

October 10, 2023 | 4:35 pm

In the last quarter, TripAdvisor (NASDAQ:TRIP) received 1 bullish, 6 indifferent, and 2 somewhat bearish ratings from analysts. The average 12-month price target for the company is $18.0, representing a 1.59% decrease from the previous average price target of $18.29.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 5:00 pm

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