TCOM Stock Recent News

Trip.com Group Ltd shares rose more than 4% to $35.80 in early Thursday trading after the China-based travel service provider swung to a first-quarter 2023 adjusted profit of $0.45 per share from a loss of $0.01 per share a year earlier, surpassing the Zacks consensus estimate of $0.27 per share. The company's revenue for the quarter also rose to $1.34 billion from $649 million during the same period last year, exceeding the consensus analyst forecast by nearly 14%, which Trip.com attributed to an upsurge in both domestic and outbound travel activities in China.

Trip.com Group Limited (NASDAQ:TCOM ) Q1 2023 Earnings Conference Call June 7, 2023 8:00 PM ET Company Participants Michelle Qi - Senior Director, IR James Liang - Executive Chairman Jane Sun - CEO Cindy Wang - CFO Conference Call Participants Brian Gong - Citi Simon Cheung - Goldman Sachs Alex Poon - Morgan Stanley Wei Xiong - UBS Alex Yao - JPMorgan Wei Feng - Mizuho Thomas Chong - Jefferies Jiong Shao - Barclays John Choi - Daiwa Operator Hello and thank you for standing by. Welcome to Trip.com Group 2023 First Quarter Earnings Conference Call.

Trip.com (TCOM) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to loss of $0.01 per share a year ago.

Markets continued on course through the summer doldrums, with the Dow Jones industrial average, S&P 500 and Nasdaq each holding practically flat.

The average of price targets set by Wall Street analysts indicates a potential upside of 31% in Trip.com (TCOM). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Trip.com (TCOM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Trip.com (TCOM) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

The heavy selling pressure might have exhausted for Trip.com (TCOM) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Trip.com (TCOM) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

SHANGHAI , May 25, 2023 /PRNewswire/ -- Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961), a leading one-stop travel service provider of accommodation reservation, transportation ticketing, packaged tours and corporate travel management, will announce its financial results for the three months ended March 31, 2023 on Wednesday, June 7, 2023, U.S. Time, after the market closes. Trip.com Group's management team will host a conference call at 8:00 PM U.S. Eastern Time on June 7, 2023 (or 8:00 AM on June 8, 2023 in the Shanghai/Hong Kong Time) following the announcement.