Advertisement
New Zealand markets closed

  • NZX 50

    11,755.17
    +8.59 (+0.07%)
     

  • NZD/USD

    0.6022
    -0.0012 (-0.19%)
     

  • NZD/EUR

    0.5588
    -0.0005 (-0.09%)
     

  • ALL ORDS

    8,022.70
    +28.50 (+0.36%)
     

  • ASX 200

    7,749.00
    +27.40 (+0.35%)
     

  • OIL

    78.30
    -0.96 (-1.21%)
     

  • GOLD

    2,370.90
    +30.60 (+1.31%)
     

  • NASDAQ

    18,161.18
    +47.72 (+0.26%)
     

  • FTSE

    8,433.76
    +52.41 (+0.63%)
     

  • Dow Jones

    39,512.84
    +125.08 (+0.32%)
     

  • DAX

    18,772.85
    +86.25 (+0.46%)
     

  • Hang Seng

    18,963.68
    +425.87 (+2.30%)
     

  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     

  • NZD/JPY

    93.7610
    -0.0070 (-0.01%)
     

Why is TripAdvisor (TRIP) Stock Surging Today?

Madeleine Johnson
Updated

On Thursday, shares of online travel research company TripAdvisor Inc TRIP are surging over 14.5% in late morning trading after the company reported its fourth quarter and fiscal 2015 results.

TripAdvisor topped estimates on all fronts. The company reported $0.36 per share (this number excludes $0.34 from nonrecurring items), surpassing our Zacks Consensus Estimate of $0.25 per share. For revenue, TripAdvisor reported $309 million in total revenues in comparison to the Zacks consensus estimate of $297.9 million.

Revenue for fiscal 2015 was up 20% year-over-year, increasing to $1.492 billion. Non-GAAP net income was $302 million, or $2.05 per share.

Steve Kaufer, CEO of the travel company, said that "User reviews and opinions reached 320 million and our content continues to attract the world’s largest global travel audience. We are building on those advantages by launching instant booking globally and enabling more users to seamlessly book places to stay, things to do and places to eat – all conveniently on TripAdvisor.”

ADVERTISEMENT

Piper Jaffray analysts still maintain their bullish position on TripAdvisor, highlighting an attractive risk and reward profile after the company’s year-out sell-off.

Like most stocks, 2016 has been hard for TripAdvisor overall. Its stock has fallen more than 36% since the beginning of the year due to a slowdown in online travel business. However, TripAdvisor’s Q4 performance may be just the thing to help the company turn itself around.

For more information on TripAdvisor’s Q4 and fiscal 2015 reported results earnings, check out the company’s news release.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
TRIPADVISOR INC (TRIP): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research