Global Business Travel Group Inc reports results for the quarter ended in December - Earnings Summary

Global Business Travel

05/03/2024 23:49

* Global Business Travel Group Inc  GBTG.N  reported a
quarterly
adjusted loss of 10 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of -89 cents.  The mean expectation of
four analysts for the quarter was for a loss of 3 cents per
share. Wall Street expected results to range from -9 cents
tozero cents per share.
    * Revenue rose 4.2% to $549.00 million from a year ago;
analysts
expected $541.17 million. 
    * Global Business Travel Group Inc's reported EPS for the
quarter
was a loss of 10 cents​.
    * The company reported a quarterly loss of $47 million.
    * Global Business Travel Group Inc shares had fallen
by 12.1% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "buy"

Wall Street's median 12-month price target for Global Business
Travel Group Inc is $8.00 
This summary was machine generated from LSEG data March 5 at
11:49 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.03          -0.10          Missed
 Sep. 30 2023      0.00           -0.02          Missed
 Jun. 30 2023      0.01           -0.23          Missed
 Mar. 31 2023      -0.02          -0.06          Missed