Brokers Offer Predictions for Tripadvisor, Inc.’s Q2 2022 Earnings (NASDAQ:TRIP)

Tripadvisor, Inc. (NASDAQ:TRIPGet Rating) – Equities research analysts at Jefferies Financial Group boosted their Q2 2022 EPS estimates for Tripadvisor in a research report issued to clients and investors on Monday, August 1st. Jefferies Financial Group analyst J. Colantuoni now forecasts that the travel company will post earnings of $0.12 per share for the quarter, up from their prior estimate of $0.08. The consensus estimate for Tripadvisor’s current full-year earnings is $0.34 per share. Jefferies Financial Group also issued estimates for Tripadvisor’s Q3 2022 earnings at $0.28 EPS, Q4 2022 earnings at $0.06 EPS and FY2022 earnings at $0.25 EPS.

TRIP has been the subject of several other research reports. Truist Financial cut their price objective on shares of Tripadvisor from $57.00 to $44.00 and set a “buy” rating for the company in a research report on Thursday, June 23rd. JPMorgan Chase & Co. cut their price objective on shares of Tripadvisor from $23.00 to $15.00 and set an “underweight” rating for the company in a research report on Wednesday, June 29th. Citigroup cut their price objective on shares of Tripadvisor from $30.00 to $26.00 and set a “neutral” rating for the company in a research report on Monday, May 9th. UBS Group cut their price objective on shares of Tripadvisor from $28.00 to $20.00 and set a “neutral” rating for the company in a research report on Monday. Finally, Ascendiant Capital Markets set a $36.00 price objective on shares of Tripadvisor in a research report on Monday, June 20th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $30.11.

Tripadvisor Trading Down 0.5 %

TRIP opened at $20.06 on Thursday. Tripadvisor has a twelve month low of $16.87 and a twelve month high of $39.04. The company has a 50-day simple moving average of $20.00 and a 200 day simple moving average of $23.80. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of -27.48, a P/E/G ratio of 1.63 and a beta of 1.43.

Tripadvisor (NASDAQ:TRIPGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The travel company reported ($0.23) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.03. Tripadvisor had a negative net margin of 9.80% and a negative return on equity of 12.01%. The business had revenue of $262.00 million during the quarter, compared to analysts’ expectations of $249.70 million. During the same quarter in the prior year, the business posted ($0.56) earnings per share. Tripadvisor’s revenue was up 113.0% compared to the same quarter last year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TRIP. Exane Derivatives acquired a new position in shares of Tripadvisor in the first quarter valued at approximately $26,000. Venture Visionary Partners LLC acquired a new position in shares of Tripadvisor in the second quarter valued at approximately $39,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Tripadvisor by 44.3% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,745 shares of the travel company’s stock valued at $47,000 after buying an additional 536 shares during the period. Endurance Wealth Management Inc. increased its stake in shares of Tripadvisor by 3,000.0% in the second quarter. Endurance Wealth Management Inc. now owns 3,100 shares of the travel company’s stock valued at $55,000 after buying an additional 3,000 shares during the period. Finally, Counterpoint Mutual Funds LLC acquired a new position in shares of Tripadvisor in the second quarter valued at approximately $120,000. Institutional investors and hedge funds own 82.89% of the company’s stock.

About Tripadvisor

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TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotels, Media & Platform; and Experiences & Dining. The company operates TripAdvisor-branded websites, including tripadvisor.com in the United States; and localized versions of the website in 40 markets and 20 languages.

Further Reading

Earnings History and Estimates for Tripadvisor (NASDAQ:TRIP)

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