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Penny stocks are listed equities with prices below $5 per share or market capitalizations lower than $300 million. They are highly volatile, thinly traded, not very transparent and often poorly governed.
Travelzoo is an internet media company that generates revenue through travel advertising and exclusive deals curated by global experts. The introduction of Travelzoo META allows the company to cater to the demand for immersive travel experiences in the Metaverse. The share repurchase program reflects management's positive outlook and business confidence.
Travelzoo (NASDAQ:TZOO) shares added nearly 30% Tuesday after the company reported a year-over-year jump in sales and earnings as travellers flocked to the media commerce company that publishes travel and entertainment offers in search of vacation deals. The company earns revenue from advertising and commissions in connection with Travelzoo (NASDAQ:TZOO) members' purchases.
Travelzoo (TZOO) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.06 per share a year ago.
NEW YORK, Oct. 19, 2023 /PRNewswire/ -- Travelzoo® (NASDAQ: TZOO): WHAT: Travelzoo, a global Internet media company that provides exclusive offers and experiences for members, will host a conference call to discuss the Company's financial results for the third quarter ended September 30, 2023. Travelzoo will issue a press release reporting its results before the market opens on October 24, 2023.
Travelzoo is having a strong year with solid growth and climbing profitability. The company is benefiting from momentum in its European segment and the "Jack's Flight Club" business. We are bullish on TZOO stock which appears undervalued with the current price level representing a compelling buying opportunity.
Warning: while this discussion obviously centers on penny stocks to buy, this subsegment of the market carries astounding risks. While it's difficult to verify, one source has the failure rate of these speculative, low-market capitalization entities as over 90%.
Analysts at Noble have awarded Travelzoo (NASDAQ:TZOO) an ‘Outperform' rating after the media commerce company that publishes travel and entertainment offers reported “solid” second quarter earnings. The company posted earnings per share of $0.17 on revenue of $21.1 million for 2Q, up from EPS of $0.08 and revenue of $17.7 million in the year-ago quarter.
NEW YORK, July 21, 2023 /PRNewswire/ -- Travelzoo® (NASDAQ: TZOO): WHAT: Travelzoo, a global Internet media company that provides exclusive offers and experiences for members, will host a conference call to discuss the Company's financial results for the second quarter ended June 30, 2023. Travelzoo will issue a press release reporting its results before the market opens on July 27, 2023.
Travelzoo (NASDAQ:TZOO ) Q1 2023 Earnings Conference Call April 27, 2023 11:00 AM ET Company Participants Holger Bartel - Global Chief Executive Officer Lijun Qi - Finance Director Arveena Ahluwalia - General Manager, Travelzoo META Conference Call Participants Michael Kupinski - NOBLE Capital Markets Jim Goss - Barrington Research Steve Silver - Argus Research Operator Hello, everyone. Welcome to the Travelzoo First Quarter 2023 Financial Results Conference Call.