Ctrip.com (CTRP) Posts Smaller Q1 Loss; Sees Revs Up 70-75% in Q2
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Go back to Ctrip.com (CTRP) Posts Smaller Q1 Loss; Sees Revs Up 70-75% in Q2
June 17, 2016 9:21 AM EDT
Nomura Securities reiterated a Buy rating and $49.00 price target on Ctrip.com (NASDAQ: CTRP) following the company's 1Q earnings report. CTRP reported revenues at CNY4.2bn. Ctrips and Qunars hotel business remained robust, with revenue growth of 38% and 134% y-y, respectively. The company... More
June 16, 2016 2:15 PM EDT
Deutsche Bank maintained a Buy rating on Ctrip.com (NASDAQ: CTRP) with a price target of $60. Earlier the company reports strong Q1 results, though Q2 guidance was soft. Analyst Alvin Jiang said he sees solid growth.
"We expect Ctrip to continue its solid revenue growth on its... More
June 16, 2016 10:02 AM EDT
Brean Capital maintained a Buy rating on Ctrip.com (NASDAQ: CTRP), and cut the price target to $52.00 (from $56.00), following the company's 1Q earnings report. Net revenue came in at RMB 4.2bn, implying 80% YoY growth, slightly above consensus expectations of 79%. Non-GAAP EPS was $0.09, exceeding the consensus expectation of $-0.05.
Analyst Fawne Jiang... More
June 16, 2016 9:56 AM EDT
Oppenheimer maintained an Outperform rating and $55.00 price target on Ctrip.com (NASDAQ: CTRP) following the company's 1Q earnings report and guidance. 2Q net revenue guidance of +70-75% y/y implies pro-forma revenue +28% y/y at midpoint vs. 40% in 1Q. Non-GAAP operating margin was... More
June 16, 2016 8:42 AM EDT
Piper Jaffray maintained an Overweight rating and $50.00 price target on Ctrip.com (NASDAQ: CTRP) following the company's 1Q earnings report. Revenues came in at CNY 4.18B, slightly ahead of the Street's CNY 4.1B estimate. Q2 guidance calls for net CNY revenue growth of 70-75% y/y, below... More
