Trip.com Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Author: Avi Kapoor | May 20, 2024 02:32am

Trip.com Group Limited (NASDAQ:TCOM) is set to release earnings results for its first quarter, after the closing bell on Monday.

Analysts expect the Singapore-based company to report quarterly earnings at 57 cents per share, up from 43 cents per share in the year-ago period. Trip.com is expected to post revenue of $1.61 billion, up from $1.28 billion a year ago, according to data from Benzinga Pro.

On Feb. 21, Trip.com reported better-than-expected fourth-quarter financial results.

Trip.com shares gained 0.7% to close at $56.83 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

Benchmark analyst Fawne Jiang reiterated a Buy rating with a price target of $55 on April 17. This analyst has an accuracy rate of 69%.
TD Cowen analyst Kevin Kopelman reiterated an Outperform rating and raised the price target from $45 to $53 on March 7. This analyst has an accuracy rate of 68%.
Barclays analyst Jiong Shao maintained an Overweight rating and boosted the price target from $56 to $60 on Feb. 23. This analyst has an accuracy rate of 62%.
Mizuho analyst James Lee maintained a Buy rating and boosted the price target from $55 to $60 on Feb. 22. This analyst has an accuracy rate of 78%.
Nomura Instinet analyst Jialong Shi downgraded the stock from Buy to Neutral on Nov. 21, 2023. This analyst has an accuracy rate of 77%.

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Posted In: TCOM