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

Global Business Travel

07/05/2024 15:44

* Global Business Travel Group Inc  GBTG.N  reported a
quarterly
adjusted loss of 4 cents​​ per share for the quarter ended in
March, higher than the same quarter last year, when the company
reported EPS of -6 cents.  The mean expectation of four analysts
for the quarter was for earnings of 4 cents per share. Wall
Street expected results to range from 1 cents to 9 cents per
share.
    * Revenue rose 5.5% to $610.00 million from a year ago;
analysts
expected $624.28 million. 
    * Global Business Travel Group Inc's reported EPS for the
quarter
was a loss of 4 cents​.
    * The company reported a quarterly loss of $19 million.
    * Global Business Travel Group Inc shares had risen by 3.7%
this
quarter and lost 3.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.1%
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 May 7 at 02:44
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
 Mar. 31 2024      0.04           -0.04          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