March 16, 2016: Ctrip International reports Q4 2015 EPS of $0.11 versus the $0 estimate. Revenue also beat coming in at $468 million versus the $434 million estimate. The company guides Q1 2016 revenue at +75 to 80% year over year. Reservation volume has exploded higher, up +143% year over year.
The CEO says, “Ctrip continued to execute well in the fourth quarter of 2015, achieving solid revenue growth and significant margin improvement compared to the same period in 2014… In addition, we expect Ctrip’s investment in other industry players last year to help improve services and products to better serve Chinese travelers and build a healthy ecosystem for the overall travel industry. With favorable industry trends and solid execution, we believe that Ctrip demonstrates promising long-term growth potential.”
More Ctrip International News
February 23, 2016: JPMorgan Chase and Co initiates coverage of Ctrip International with an Overweight rating, and a price target of $50.
February 18, 2016: CLSA raised Ctrip International to a Buy rating, from Market Perform.
Ctrip.com International provides travel services for hotel accommodations, transportation ticketing services, packaged tours, and corporate travel management in the People’s Republic of China. It is the largest online consolidator of accommodations and transportation tickets in China in terms of transaction volume. Ctrip enables business and leisure travelers to make informed and cost-effective bookings by aggregating comprehensive travel related information and offering its services through an advanced transaction and service platform consisting of its mobile apps, Internet websites and centralized, toll-free, 24-hour customer service center. Ctrip also helps customers book vacation packages and guided tours.
China’s Leading Travel Agency posted this video called Your Dream China Vacation with Ctrip.com:
China’s Leading Travel Agency posted this video called Ctrip.com Presents Shanghai in 48 Hours (Part I):
China’s Leading Travel Agency posted this video called Ctrip.com Presents Shanghai Seafood Extravaganza:
Latest posts by Lance Jepsen
- Liberty Global Oversold Candle Over Candle Swing Setup - October 16, 2017
- Sally Beauty Holdings Swing Trade Long Setup - October 16, 2017
- USANA Health Sciences TMF Higher On Launch of New Products in Canada - October 16, 2017