BUZZ-PREVIEW: Tripadvisor seen reporting Q4 EPS drop, slight rev increase
TripAdvisor, Inc. TRIP | 11.48 | +1.95% |
** Shares in Tripadvisor TRIP.O were down 5% on Wednesday, after hitting lowest level since June, in last session before quarterly report due before market open on Thursday
** Wall Street sees the online travel review company reporting Q4 adj EPS of $0.14 vs $0.30 in year-ago quarter on rev of $412.65 mln vs $411 mln year-ago, according to latest data from LSEG
** In last 8 quarters rev met or beat Street view 5 times while EPS handily beat expectations every time
** Last week Wedbush trimmed online travel company price targets on concerns about AI competition. In Q3 while EPS beat Street expectations, revenue missed by about 1.7%
** Stock last traded at $12.17 vs median PT of $17, down from $18 a month ago, as per LSEG, which shows 17 analyst ratings: 2 'strong buy,' 1 'buy,' 10 'hold,' 3 'sell' and 1 'strong sell'
** YTD shares in TRIP down more than 16% vs decline of 7% for S&P 400 media and entertainment index .SPMDCME
