Travel + Leisure Co reports results for the quarter ended in March - Earnings Summary

Travel + Leisure

24/04/2024 14:32

* Travel + Leisure Co  TNL.N  reported quarterly adjusted
earnings
of 97 cents​​ per share for the quarter ended in March, higher
than the same quarter last year, when the company reported EPS
of 89 cents.  The mean expectation of ten analysts for the
quarter was for earnings of 86 cents per share. Wall Street
expected results to range from 78 cents to 91 cents per share.
    * Revenue rose 4.2% to $916.00 million from a year ago;
analysts
expected $906.16 million. 
    * Travel + Leisure Co's reported EPS for the quarter was 92
cents​.
    * The company reported quarterly net income of $66 million.
    * Travel + Leisure Co shares had fallen by 5.9% this
quarter and
gained 17.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the hotels,
motels &
cruise lines peer group is also "buy"

Wall Street's median 12-month price target for Travel + Leisure
Co is $53.25 
This summary was machine generated from LSEG data April 24 at
01:31 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      0.86           0.97           Beat
 Dec. 31 2023      1.38           1.98           Beat
 Sep. 30 2023      1.46           1.54           Beat
 Jun. 30 2023      1.33           1.33           Met