Trivago NV – (NASDAQ:TRVG) Expected to Announce Quarterly Sales of $293.12 Million

Brokerages forecast that Trivago NV – (NASDAQ:TRVG) will announce sales of $293.12 million for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Trivago’s earnings. The highest sales estimate is $303.24 million and the lowest is $287.06 million. Trivago posted sales of $295.13 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 0.7%. The business is scheduled to announce its next quarterly earnings results on Wednesday, October 23rd.

On average, analysts expect that Trivago will report full year sales of $974.94 million for the current year, with estimates ranging from $961.63 million to $1.02 billion. For the next year, analysts forecast that the company will post sales of $1.05 billion, with estimates ranging from $998.70 million to $1.13 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Trivago.

Trivago (NASDAQ:TRVG) last announced its earnings results on Wednesday, July 24th. The technology company reported $0.02 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.01. The company had revenue of $223.40 million during the quarter, compared to the consensus estimate of $218.28 million. Trivago had a return on equity of 4.10% and a net margin of 4.27%. The company’s revenue was down 4.9% on a year-over-year basis. During the same period last year, the firm earned ($0.06) earnings per share.

TRVG has been the subject of several recent analyst reports. SunTrust Banks restated a “hold” rating and set a $6.00 target price on shares of Trivago in a research note on Tuesday, May 21st. Zacks Investment Research downgraded Trivago from a “buy” rating to a “hold” rating in a research note on Saturday, July 27th. BidaskClub upgraded Trivago from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. Wedbush set a $5.00 price target on shares of Trivago and gave the stock a “hold” rating in a research report on Thursday, May 2nd. Finally, Guggenheim raised shares of Trivago from a “neutral” rating to a “buy” rating and set a $5.50 price target on the stock in a research report on Tuesday, April 23rd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Trivago currently has a consensus rating of “Hold” and a consensus price target of $5.25.

Hedge funds have recently modified their holdings of the company. Norges Bank bought a new position in Trivago in the fourth quarter worth about $3,608,000. Marshall Wace North America L.P. lifted its holdings in Trivago by 4,997.0% in the first quarter. Marshall Wace North America L.P. now owns 201,281 shares of the technology company’s stock worth $869,000 after acquiring an additional 197,332 shares during the last quarter. Westfield Capital Management Co. LP lifted its holdings in Trivago by 28.2% in the first quarter. Westfield Capital Management Co. LP now owns 90,900 shares of the technology company’s stock worth $393,000 after acquiring an additional 20,000 shares during the last quarter. Marshall Wace LLP bought a new position in Trivago in the first quarter worth about $3,989,000. Finally, Virtu Financial LLC bought a new position in Trivago in the first quarter worth about $62,000. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Shares of Trivago stock traded down $0.25 during trading hours on Monday, hitting $4.48. 14,083 shares of the company’s stock traded hands, compared to its average volume of 545,263. The stock has a 50 day moving average of $4.44. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.27 and a current ratio of 3.27. The stock has a market cap of $1.67 billion, a P/E ratio of -64.07, a PEG ratio of 6.33 and a beta of 0.80. Trivago has a twelve month low of $3.41 and a twelve month high of $7.54.

Trivago Company Profile

trivago N.V., together with its subsidiaries, operates as a hotel and accommodation search platform. It offers online meta-search for hotels by facilitating consumers' search for hotel accommodation through online travel agents, hotel chains, and independent hotels. The company provides access to its platform through 55 localized Websites and apps in 33 languages.

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Earnings History and Estimates for Trivago (NASDAQ:TRVG)

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