TripAdvisor Stock Continues Its Declining Trend
Year-to-date through November 10, 2017, TripAdvisor stock has fallen 31.9%.
Currently, TripAdvisor’s (TRIP) forward price-to-earnings ratio stands at 28.0x, which is lower than the 35.6x average valuation seen since its initial stock listing in 2011.
Of the 25 analysts rating TripAdvisor stock after its 3Q17 report, one analyst issued a “buy” rating, 18 analysts issued a “hold” rating, and 20% five analysts issued a “sell” rating.
For fiscal 2017, TripAdvisor is expected to post sales growth of 4.6% YoY to ~$1.5 billion.
At the end of 3Q17, TripAdvisor had $763.0 million in cash and short-term investments on its balance sheet—lower than the ~$904.0 million it had at the end of 2016.
TripAdvisor’s (TRIP) 3Q17 adjusted EBITDA declined 17.0% YoY to $95.0 million.
In 3Q17, TripAdvisor’s revenues grew 4.3% year-over-year to $439.0 million.
In 3Q17, TripAdvisor’s (TRIP) average monthly unique visitors grew 17.0% year-over-year to 455.0 million users compared to 3Q16.
Of the 31 analysts rating Priceline’s stock after the company’s 3Q17 earnings report, 19.4% (six analysts) have issued a “strong buy” rating and 58.1% (18 analysts) have issued a “buy” rating.
Priceline (PCLN) currently trades at a forward PE multiple of 25.3x, which is significantly higher than its average valuation of 22.1x since January 2008.
After Priceline (PCLN) released its 3Q17 results, analysts’ estimates for 2017 and 2018 were revised downwards. For the fourth quarter of 2017, sales are expected to grow 14.8% year-over-year or YoY to $2.7 billion.
A large part of Priceline’s (PCLN) growth in the past has come from acquiring smaller companies all over the world. It had to raise debt to finance some of these acquisitions.
For 3Q17, Priceline’s (PCLN) EBITDA rose 15% YoY or year-over-year to $2.2 billion, compared to $1.9 billion in 3Q16.
For the third quarter of 2017, Priceline’s (PCLN) revenue rose 20.2% YoY or year-over-year to $4.4 billion, driven by strong gross bookings growth of 19% YoY.
Hotel accommodations have historically driven Priceline’s growth. During the third quarter of the year, Priceline’s global accommodation business booked 178 million room nights.
The Priceline Group (PCLN) reported its third-quarter financial results after market hours on November 6. PCLN beat analyst estimates for both revenues and earnings.
At the end of 2Q17, Priceline (PCLN) had $6.4 billion cash on its balance sheet.
Of the 31 analysts tracking Priceline (PCLN), seven analysts gave “strong buy” ratings on the stock, and 18 analysts gave “buy” recommendations on the stock.
Priceline (PCLN) trades at a forward PE (price-to-earnings) multiple of 25.2x.
On October 19, Priceline (PCLN) announced its $450.0 million investment in China-based Meituan–Dianping.