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Trip.com (TCOM) Stock Slides as Market Rises: Facts to Know Before You Trade
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Trip.com (TCOM - Free Report) closed the most recent trading day at $53.95, moving -1.28% from the previous trading session. This change lagged the S&P 500's daily gain of 1.05%. At the same time, the Dow added 0.69%, and the tech-heavy Nasdaq gained 1.64%.
The travel services company's stock has climbed by 6.78% in the past month, exceeding the Consumer Discretionary sector's gain of 5.79% and lagging the S&P 500's gain of 8.59%.
The upcoming earnings release of Trip.com will be of great interest to investors. On that day, Trip.com is projected to report earnings of $0.85 per share, which would represent year-over-year growth of 3.66%. Alongside, our most recent consensus estimate is anticipating revenue of $2.33 billion, indicating a 22.02% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $4.12 per share and revenue of $10.44 billion, indicating changes of -36.81% and +19.17%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Tripcom. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 1.46% fall in the Zacks Consensus EPS estimate. Trip.com presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Trip.com is presently being traded at a Forward P/E ratio of 13.27. Its industry sports an average Forward P/E of 16.18, so one might conclude that Trip.com is trading at a discount comparatively.
It's also important to note that TCOM currently trades at a PEG ratio of 3.32. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Leisure and Recreation Services industry had an average PEG ratio of 1.34 as trading concluded yesterday.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 180, this industry ranks in the bottom 27% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Trip.com (TCOM) Stock Slides as Market Rises: Facts to Know Before You Trade
Trip.com (TCOM - Free Report) closed the most recent trading day at $53.95, moving -1.28% from the previous trading session. This change lagged the S&P 500's daily gain of 1.05%. At the same time, the Dow added 0.69%, and the tech-heavy Nasdaq gained 1.64%.
The travel services company's stock has climbed by 6.78% in the past month, exceeding the Consumer Discretionary sector's gain of 5.79% and lagging the S&P 500's gain of 8.59%.
The upcoming earnings release of Trip.com will be of great interest to investors. On that day, Trip.com is projected to report earnings of $0.85 per share, which would represent year-over-year growth of 3.66%. Alongside, our most recent consensus estimate is anticipating revenue of $2.33 billion, indicating a 22.02% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $4.12 per share and revenue of $10.44 billion, indicating changes of -36.81% and +19.17%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Tripcom. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 1.46% fall in the Zacks Consensus EPS estimate. Trip.com presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Trip.com is presently being traded at a Forward P/E ratio of 13.27. Its industry sports an average Forward P/E of 16.18, so one might conclude that Trip.com is trading at a discount comparatively.
It's also important to note that TCOM currently trades at a PEG ratio of 3.32. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Leisure and Recreation Services industry had an average PEG ratio of 1.34 as trading concluded yesterday.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 180, this industry ranks in the bottom 27% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.