Will Tripadvisor Stock See Gains Post Q2?

Tripadvisor (NASDAQ: TRIP), an online travel company providing booking for hotel reservations, transportation, lodging, travel experiences, and restaurants, is scheduled to announce its fiscal second-quarter results on Thursday, August 3. We expect Tripadvisor’s stock to likely trade higher due to revenue matching and earnings beating consensus estimates. TRIP experienced a recovery in travel demand and strong growth in gross bookings from pre-Covid levels in 2022. However, the company’s rising costs have been impacting the company’s profitability as also seen in Q1 2023. Although, Tripadvisor’s Viator segment appears to be growing rapidly and is now making up a significant portion of total revenue. Additionally, the company appears to have ample liquidity with $1.1 billion in cash on the balance sheet, and about $500 million and $345 million in long-term debt maturities in 2025 and 2026, respectively.

Our forecast indicates that Tripadvisor’s valuation is at $20 per share, which is 10% higher than the current market price. Look at our interactive dashboard analysis on Tripadvisor Earnings Preview: What To Expect in Q2? for more details.