Ctrip.com International, Ltd. is a leading travel service provider that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on CTRP’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Ctrip could be a solid choice for investors.
Current Quarter Estimates for CTRP
In the past 30 days, two estimates have gone higher for CTRP while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 15 cents a share 30 days ago, to 23 cents today, a move of 53.3%.
Current Year Estimates for CTRP
Meanwhile, Ctrip’s current year figures are also looking quite promising, with five estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 94 cents per share 30 days ago to $1.44 per share today, an increase of 53.2%
Bottom Line
The stock has also started to move higher lately, adding 23.8% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Earnings Estimates Moving Higher for Ctrip (CTRP): Time to Buy?
Ctrip.com International, Ltd. is a leading travel service provider that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on CTRP’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Ctrip could be a solid choice for investors.
Current Quarter Estimates for CTRP
In the past 30 days, two estimates have gone higher for CTRP while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 15 cents a share 30 days ago, to 23 cents today, a move of 53.3%.
Current Year Estimates for CTRP
Meanwhile, Ctrip’s current year figures are also looking quite promising, with five estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 94 cents per share 30 days ago to $1.44 per share today, an increase of 53.2%
Ctrip.com International, Ltd. Price and Consensus
Ctrip.com International, Ltd. Price and Consensus | Ctrip.com International, Ltd. Quote
Bottom Line
The stock has also started to move higher lately, adding 23.8% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is Your Investment Advisor Fumbling Your Financial Future?
See how you can more effectively safeguard your retirement with a new Special Report, “4 Warning Signs Your Investment Advisor Might Be Sabotaging Your Financial Future.”
Click to get it free >>