Benchmark Downgrades Travelzoo (TZOO) to Hold; Local Deals Momentum Halted;
Tweet
Share
E-mail
Get Alerts TZOO Hot Sheet
Price: $6.68 -0.3%
Rating Summary:
7 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Rating Summary:
7 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Join SI Premium – FREE
Benchmark downgraded Travelzoo (NASDAQ: TZOO) from Buy to Hold, price target cut from $37 to $30.
Benchmark analyst said, "In addition to a shortfall in domestic search, gross Local Deals revenue may have come in at $31 million, representing a 9% sequential decline, which we see extending into 1Q12. We believe Local Deals momentum may be halted near-term, and project total revenue may grow by just 10% y/y in 2012."
"We are lowering our 2012 estimates, now projecting 10% y/y revenue growth to $163.6 million ($182 million prior). EBITDA could grow in line with revenues, up 10% y/y to $42 million, leading to EPS of $1.57, down from $1.70. Free cash flow could be $1.61 per share."
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 $27.52 yesterday.
Benchmark analyst said, "In addition to a shortfall in domestic search, gross Local Deals revenue may have come in at $31 million, representing a 9% sequential decline, which we see extending into 1Q12. We believe Local Deals momentum may be halted near-term, and project total revenue may grow by just 10% y/y in 2012."
"We are lowering our 2012 estimates, now projecting 10% y/y revenue growth to $163.6 million ($182 million prior). EBITDA could grow in line with revenues, up 10% y/y to $42 million, leading to EPS of $1.57, down from $1.70. Free cash flow could be $1.61 per share."
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 $27.52 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Goldman Sachs Downgrades AAC Technologies Holdings Inc. (2018:HK) (AACAY) to Neutral
- Nomura/Instinet Downgrades Pop Mart International Group Ltd (9992:HK) to Neutral
- DZ Bank Downgrades Frontline Ltd. (FRO) to Sell
Create E-mail Alert Related Categories
DowngradesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
