Trip.com Group Ltd (NYSE: TCOM) is experiencing a decline in its stock price today following the release of its third-quarter financial results on November 21, 2023. The company’s revenue for the third quarter saw a remarkable increase of 99% compared to the same period last year, reaching $1.89 billion. Additionally, Trip.com reported adjusted earnings per ADS of $1.00.
The platform witnessed a significant surge in total bookings, surpassing a 100% year-over-year growth rate. Domestic hotel bookings, in particular, showed promising growth, increasing by over 90% compared to the previous year. Furthermore, outbound hotel and air reservations have recovered to approximately 80% of pre-Covid levels.
In a bid to enhance shareholder value, Trip.com also announced a stock repurchase program worth $120 million, which took place from September to November 20. Moreover, the company approved a regular capital return policy, set to commence in 2024, which includes annual share repurchases and annual cash dividends.
Despite these positive developments, Trip.com shares have experienced a decline of 5.51% at the time of writing, currently valued at $34.65.
Trip.com Group Limited
Updated on: 30/11/2023
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
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TCOM Stock Performance Declines on November 21, 2023, but Strong Earnings Growth and Positive Projections Indicate Long-Term Potential
On November 21, 2023, TCOM stock experienced a decline in its performance compared to the previous day’s close. The stock opened at $32.69 and fluctuated between a low of $31.57 and a high of $34.53. The trading volume reached 712,470 shares. TCOM’s market cap is currently valued at $22.9 billion.
TCOM has shown impressive earnings growth this year, with an increase of 522.09%. This growth is expected to continue over the next five years, with a projected growth rate of 6.90%. However, the company experienced a decline in revenue growth last year, with a decrease of 4.15%.
In terms of valuation, TCOM has a P/E ratio of 24.3, a price/sales ratio of 7.60, and a price/book ratio of 1.42.
When comparing TCOM’s stock performance to other companies in the sector, Expedia Group Inc (EXPE) saw a slight increase of 0.41%, while MakeMyTrip Ltd (MMYT) experienced a decline of 1.65%. TUI AG (TUIFF) did not show any change in its stock price.
Looking ahead, TCOM’s next reporting date is scheduled for March 4, 2024. Analysts forecast an EPS of $1.71 for the current quarter. In the previous year, the company reported an annual revenue of $3.0 billion and a profit of $208.4 million, resulting in a net profit margin of 7.00%.
TCOM operates in the consumer services sector, specifically in the other consumer services industry. The company’s corporate headquarters are located in Shanghai, Shanghai.
Overall, TCOM’s stock performance on November 21, 2023, showed a decline from the previous day’s close. However, the company’s strong earnings growth this year and projected growth for the next five years indicate positive prospects for the stock in the long term. Investors should keep an eye on TCOM’s financial reports and upcoming announcements to make informed investment decisions.
Trip.com Group Ltd (TCOM) Stock Analysis: Promising Performance and Potential 52.66% Increase, But Caution Advised
On November 21, 2023, Trip.com Group Ltd (TCOM) stock showed promising performance based on the data provided by CNN Money. The median target price forecasted by analysts indicates a potential increase of 52.66%, and the consensus among investment analysts is to buy the stock. However, investors should exercise caution and consider the dynamic nature of the stock market before making any investment decisions.