Travelzoo (TZOO) Q3 is Much Improved, Industry Recovery is Progressing - Ascendiant Capital

Ascendiant Capital analyst Edward Woo reiterated a Hold rating on Travelzoo (NASDAQ: TZOO) after the company reported 3Q revenue of $14 million (-46% y-o-y), compared with consensus of $12 million. Pro forma EPS was $0.09 (vs. $0.03 y-o-y), compared with consensus of $(0.19). Q3 guidance was for revenue of $12 – 13 million and a break-even or small operating profit.

The analyst stated "We are seeing continued positive data for the US travel industry that indicate that the worst is behind us. While near-term visibility remains low, we have greater confidence in a rebound in the travel industry over the next year".

For an analyst ratings summary and ratings history on Travelzoo click here. For more ratings news on Travelzoo click here.

Shares of Travelzoo closed at $8.55 yesterday.

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