Global Business Travel Group Inc reports results for the quarter ended in September 30 - Earnings Summary

Global Business Travel

06/11/2024 04:49

* Global Business Travel Group Inc  GBTG.N  reported a
quarterly
adjusted loss of 22 cents​​ per share for the quarter ended
September 30, lower than the same quarter last year, when the
company reported EPS of -2 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 -6 cents
tozero cents per share.
    * Revenue rose 4.6% to $597.00 million from a year ago;
analysts
expected $613.53 million. 
    * Global Business Travel Group Inc's reported EPS for the
quarter
was a loss of 28 cents​.
    * The company reported a quarterly loss of $129 million.
    * Global Business Travel Group Inc shares had fallen by 0.1%
this
quarter and gained 19.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 9.10 
This summary was machine generated from LSEG data November 6 at
04:49 a.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
 Sep. 30 2024      -0.03          -0.22          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