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Travel Leisure Co. (TNL) Surges 13.2%: Is This an Indication of Further Gains?
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Travel + Leisure Co. (TNL - Free Report) shares rallied 13.2% in the last trading session to close at $43.89. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 19.6% loss over the past four weeks.
Following President Trump's announcement to suspend U.S. tariffs on most countries for 90 days, Travel + Leisure shares soared, reflecting renewed investor optimism.
This company is expected to post quarterly earnings of $1.11 per share in its upcoming report, which represents a year-over-year change of +14.4%. Revenues are expected to be $934.35 million, up 2% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Travel Leisure Co., the consensus EPS estimate for the quarter has been revised marginally lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on TNL going forward to see if this recent jump can turn into more strength down the road.
Travel Leisure Co. is a member of the Zacks Leisure and Recreation Services industry. One other stock in the same industry, Airbnb, Inc. (ABNB - Free Report) , finished the last trading session 14.8% higher at $121.32. ABNB has returned -15.8% over the past month.
Airbnb's consensus EPS estimate for the upcoming report has changed -1.3% over the past month to $0.25. Compared to the company's year-ago EPS, this represents a change of -39%. Airbnb currently boasts a Zacks Rank of #3 (Hold).
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Travel Leisure Co. (TNL) Surges 13.2%: Is This an Indication of Further Gains?
Travel + Leisure Co. (TNL - Free Report) shares rallied 13.2% in the last trading session to close at $43.89. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 19.6% loss over the past four weeks.
Following President Trump's announcement to suspend U.S. tariffs on most countries for 90 days, Travel + Leisure shares soared, reflecting renewed investor optimism.
This company is expected to post quarterly earnings of $1.11 per share in its upcoming report, which represents a year-over-year change of +14.4%. Revenues are expected to be $934.35 million, up 2% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Travel Leisure Co., the consensus EPS estimate for the quarter has been revised marginally lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on TNL going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Travel Leisure Co. is a member of the Zacks Leisure and Recreation Services industry. One other stock in the same industry, Airbnb, Inc. (ABNB - Free Report) , finished the last trading session 14.8% higher at $121.32. ABNB has returned -15.8% over the past month.
Airbnb's consensus EPS estimate for the upcoming report has changed -1.3% over the past month to $0.25. Compared to the company's year-ago EPS, this represents a change of -39%. Airbnb currently boasts a Zacks Rank of #3 (Hold).