Trip.com Group Second Quarter 2024 Earnings: EPS Beats Expectations

Trip.com Group (NASDAQ:TCOM) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥12.8b (up 14% from 2Q 2023).
• Net income: CN¥3.83b (up by CN¥3.20b from 2Q 2023).
• Profit margin: 30% (up from 5.6% in 2Q 2023). The increase in margin was primarily driven by lower expenses.
• EPS: CN¥5.84 (up from CN¥0.97 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Trip.com Group EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 24%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Hospitality industry in the US.

Performance of the American Hospitality industry.

The company's shares are up 11% from a week ago.

Valuation

Following the latest earnings results, Trip.com Group may be undervalued based on 6 different valuation benchmarks we assess. Discover what analysts are forecasting and how the current share price shapes up by clicking here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.