TripAdvisor: S&P Intraday Gainer
At last check, the S&P 500 was falling 7.96 points, or 0.57%, to 1,397.86.
Shares of TripAdvisor rose 18.67% to $43.35 after the online travel company blew past Wall Street's expectations for its first-quarter results after Tuesday's closing bell. The Needham, Mass.-based company posted non-GAAP earnings of $52.5 million, or 38 cents a share, for the three months ended in March with revenue soaring 23% year-over-year to $183.7 million.
That performance eclipsed the average estimate of analysts polled by Thomson Reuters for a profit of 34 cents a share on revenue of $174.4 million in the quarter.Bank of America Merrill Lynch upgraded TripAdvisor's stock to buy from neutral with a $53 price target after the report, while Capstone boosted its assessment of the the stock to hold from sell. Shares of TripAdvisor hit a 52-week high Wednesday of $44.46. The stock's 52-week low of $23.99 was set on Dec. 22. TripAdvisor trades at an estimated price-to-earnings ratio for next year of 23.89 times; the average for travel and tourism companies is 16.88X. For comparison, Expedia (EXPE) has a lower forward P/E of 12.57X. Thirteen of the 19 analysts who cover TripAdvisor give the stock a hold rating. Five analysts rate it at buy and one gives the stock a sell rating. The stock has risen 71.52% year to date.
>To contact the writer of this article, click here: Alexandra Zendrian >To submit a news tip, send an email to: email@example.com. >To follow the writer on Twitter, go to Alexandra Zendrian.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV