This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

TripAdvisor, Pepsi Are S&P Decliners

NEW YORK ( TheStreet) -- Shares of TripAdvisor (TRIP - Get Report) and Pepsi (PEP - Get Report) were among the worst performers on the S&P 500 midday Thursday.

The index was rising 1.82 points to 1,351.78 midday Thursday.

Shares of TripAdvisor fell 16.85% to $28.56 on about three times the stock's average daily trading volume.
TripAdvisor and Pepsi were among the worst S&P 500 performers midday Thursday.

The travel company reported Thursday fourth-quarter earnings of $22 million, an increase of 19% from a year earlier. TripAdvisor's fourth-quarter earnings per share were 16 cents, up 2 cents.

The stock was downgraded Thursday to neutral by analysts at both Susquehanna and Lazard. Lazard previously rated TripAdvisor a buy; Susquehanna had a positive rating on TripAdvisor.

TripAdvisor's 2012 guidance fell below analysts' estimates.

"Due to CPC pressure and 'decluttering' efforts, TripAdvisor issued mid to high teens y/y revenue growth guidance versus Street's expectation of 21% growth," Bank of America Merrill Lynch analysts wrote in a report Thursday. "We are now modeling 2012 revenue/adjusted EBITDA of $751.2mn/$320.4mn from $763.9mn/$335.0mn. Additionally, we are lowering our 1Q12 revenue/adjusted EBITDA estimate to $169.2mn/$74.1mn from $182.4mn/$78.6mn. Although we are lowering our 2012 estimates, we are raising 2013E revenue to $912.7mn from $901.0mn."

TripAdvisor has an estimated price-to-earnings ratio for next year of 17.50; the average for travel and tourism stocks is 24.09. For comparison,'s (PCLN) forward P/E is 17.76 and Hertz (HTZ) has a forward P/E of 11.72.

Of the 15 analysts who cover TripAdvisor, 11 rated it a hold. Three analysts gave the stock a buy rating and one considered it a sell. The stock has risen 13.09% year to date.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
PEP $100.16 0.00%
TRIP $82.37 0.00%
AAPL $118.30 0.00%
FB $104.60 0.35%
GOOG $742.60 0.00%


Chart of I:DJI
DOW 17,719.92 -78.57 -0.44%
S&P 500 2,080.41 -9.70 -0.46%
NASDAQ 5,108.6660 -18.8590 -0.37%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs