Tripadvisor (TRIP) Releases Quarterly Earnings, Misses Expectations By $0.06 EPS
Tripadvisor (NASDAQ:TRIP) issued its quarterly earnings data on Wednesday. The company reported $0.55 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.61 by $0.06, ARN reports. The company had revenue of $323.00 million for the quarter, compared to the consensus estimate of $321.70 million. During the same quarter last year, the company posted $0.52 earnings per share. Tripadvisor’s revenue was up 30.8% compared to the same quarter last year.
TRIP has been the subject of a number of recent research reports. Analysts at Susquehanna raised their price target on shares of Tripadvisor from $91.00 to $100.00 in a research note on Wednesday. They now have a “neutral” rating on the stock. On the ratings front, analysts at Deutsche Bank reiterated a “buy” rating on shares of Tripadvisor in a research note on Wednesday, July 16th. They now have a $122.00 price target on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Tripadvisor from $105.00 to $125.00 in a research note on Monday, July 14th. They now have an “outperform” rating on the stock. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $97.50.
Tripadvisor (NASDAQ:TRIP) traded up 3.06% on Wednesday, hitting $107.36. 3,455,055 shares of the company’s stock traded hands. Tripadvisor has a 52 week low of $60.41 and a 52 week high of $111.24. The stock has a 50-day moving average of $104.2 and a 200-day moving average of $93.15. The company has a market cap of $15.315 billion and a price-to-earnings ratio of 71.79.
TripAdvisor, Inc (NASDAQ:TRIP) is an online travel research company, enabling users to plan and have a trip.
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