trivago N.V. (TRVG) Weakness Offers Insight into Upcoming Earnings Commentary (BKNG, EXPE & TRIP)

November 4, 2020 6:20 AM EST
Get Alerts TRVG Hot Sheet
Price: $2.90 +1.40%

Rating Summary:
    2 Buy, 12 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 26 | New: 11
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BTIG analyst Jake Fuller reiterated a Neutral rating on trivago N.V. (NASDAQ: TRVG) noting that the company's earnings commentary confirms fears that the 4Q travel outlook has weakened, particularly in Europe. He noted 3 key derivative takeaways for the OTAs:

1) We now expect 4Q revenue for TRVG to be down comparably to 3Q (European declines widening, U.S. stable) and we have TRVG shifting back to an EBITDA loss in a seasonally small quarter

2) Efforts to ramp in alternative accommodations and build out sponsored/display revenue streams are encouraging, but not enough to tilt our preference away from the OTAs as the better recovery play

3) We see negative read-throughs for Booking Holdings (NASDAQ: BKNG), Expedia (NASDAQ: EXPE) and TripAdvisor (NASDAQ: TRIP).

For an analyst ratings summary and ratings history on trivago N.V. click here. For more ratings news on trivago N.V. click here.

Shares of trivago N.V. closed at $1.26 yesterday.



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