Trip.com Group Limited (NASDAQ:TCOM ) Q3 2024 Results Conference Call November 18, 2024 7:00 PM ET Company Participants James Liang - Executive Chairman Jane Sun - Chief Executive Officer Cindy Wang - Chief Financial Officer Michelle Qi - Senior IR Director Conference Call Participants Yang Liu - Morgan Stanley Brian Gong - Citi John Choi - Daiwa Andre Chang - JPMorgan Boris Van - Bernstein Wei Xiong - UBS Wei Fang - Mizuho Jiong Shao - Barclays Parash Jain - HSBC Operator [Call starts Abruptly] Third Quarter of 2024 Earnings Conference Call. Joining me today on the call are Mr.
Trip.com (TCOM) came out with quarterly earnings of $1.25 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $1 per share a year ago.
In the closing of the recent trading day, Trip.com (TCOM) stood at $66.68, denoting a +1.83% change from the preceding trading day.
The latest trading day saw Trip.com (TCOM) settling at $68.42, representing a +1.75% change from its previous close.
Trip.com Group Limited is well-positioned to capture growth from the growing Chinese travel industry. The COVID-19 pandemic caused a massive decline in especially TCOM's 2020–2022 revenues, but the following tourism recovery has led to recently incredibly strong growth momentum, looking to strengthen TCOM's Q3. TCOM stock is valued with a slight undervaluation, still falling within a margin of safety, as the industry also has cheaper alternative investments.
Trip.com (TCOM) closed the most recent trading day at $64.89, moving -0.28% from the previous trading session.
Trip.com (TCOM) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
In the closing of the recent trading day, Trip.com (TCOM) stood at $60.53, denoting a +0.05% change from the preceding trading day.
Trip.com (TCOM) could produce exceptional returns because of its solid growth attributes.
Does Trip.com (TCOM) have what it takes to be a top stock pick for momentum investors? Let's find out.
Trip.com (TCOM) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.
Trip.com shows strong international expansion and market share growth, supported by strategic alliances and a robust supply chain, despite increased marketing spending. The company's new products are well-received across demographics, with a significant portion of orders coming from mobile devices, indicating direct user engagement. Trip.com reported outbound hotel and flight ticket booking volumes returning to 2019 levels, outperforming industry averages by 20-30%.