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

Global Business Travel

08/08/2024 14:33

* Global Business Travel Group Inc  GBTG.N  reported
quarterly
adjusted earnings of 6 cents​​ per share for the quarter ended
in June, higher than the same quarter last year, when the
company reported EPS of -23 cents.  The mean expectation of
four analysts for the quarter was for a loss of 4 cents per
share. Wall Street expected results to range from -8 cents to 1
cents per share.
    * Revenue rose 5.6% to $625.00 million from a year ago;
analysts
expected $628.85 million. 
    * Global Business Travel Group Inc's reported EPS for the
quarter
was 6 cents​.
    * The company reported quarterly net income of $26 million.
    * Global Business Travel Group Inc shares had risen by 0.8%
this
quarter and gained 3.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 110%
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 $8.50 
This summary was machine generated from LSEG data August 8 at
01:33 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
 Jun. 30 2024      -0.03          0.06           Beat
 Mar. 31 2024      0.04           -0.04          Missed
 Dec. 31 2023      -0.03          -0.10          Missed
 Sep. 30 2023      0.00           -0.02          Missed