Travelzoo jumps after forecasting Q4 rev above estimates

Travelzoo

16/12/2022 13:28

** Shares of online travel deals company Travelzoo Inc
 TZOO.O  up 7.1% at $4.5 premarket 
    ** TZOO sees Q4 rev of approx. $18.5 mln, up 31% YoY
    ** Q4 rev forecast above Wall Street consensus forecast
of$17.6 mln - IBES Refinitiv data
    ** Co provides update to clarify that its revenue trend is
different from travel suppliers or online travel agencies
    ** TZOO had said on Oct. 26 that it expects substantially
higher Q4 rev and profitability
    ** Two of three brokerages rate the stock "buy", remaining
one "hold"; their median PT is $12.5
    ** Up to last close, stock had fallen 55.4% YTD 
 (Reporting by Shashwat Chauhan in Bengaluru)
 ((Shashwat.Chauhan@thomsonreuters.com))