trivago (NASDAQ:TRVG) Forecasted to Earn Q2 2023 Earnings of $0.04 Per Share

Posted by on Jun 26th, 2023

trivago (NASDAQ:TRVG – Get Rating) – B. Riley issued their Q2 2023 EPS estimates for trivago in a report released on Wednesday, June 21st. B. Riley analyst N. Khan forecasts that the technology company will earn $0.04 per share for the quarter. B. Riley currently has a “Neutral” rating and a $2.00 target price on the stock. The consensus estimate for trivago’s current full-year earnings is $0.16 per share. B. Riley also issued estimates for trivago’s Q3 2023 earnings at $0.04 EPS, Q4 2023 earnings at $0.04 EPS, FY2023 earnings at $0.15 EPS, FY2024 earnings at $0.18 EPS, FY2025 earnings at $0.15 EPS, FY2026 earnings at $0.13 EPS and FY2027 earnings at $0.14 EPS.

Several other brokerages have also recently commented on TRVG. Citigroup lifted their price objective on shares of trivago from $1.30 to $1.95 and gave the company a “neutral” rating in a research note on Thursday, March 2nd. StockNews.com raised trivago from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 20th. Finally, SpectralCast restated a “maintains” rating on shares of trivago in a research report on Friday, May 5th. Seven research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $1.98.

trivago Price Performance

Shares of TRVG stock opened at $1.22 on Monday. The company has a market cap of $416.97 million, a P/E ratio of -3.94, a PEG ratio of 0.34 and a beta of 1.53. The stock’s 50-day moving average is $1.25 and its 200 day moving average is $1.45. trivago has a 1-year low of $0.93 and a 1-year high of $2.03.

trivago (NASDAQ:TRVG – Get Rating) last announced its quarterly earnings data on Tuesday, May 2nd. The technology company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. trivago had a positive return on equity of 7.01% and a negative net margin of 19.47%. The company had revenue of $119.12 million for the quarter, compared to the consensus estimate of $134.45 million.

Institutional Investors Weigh In On trivago

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC lifted its holdings in trivago by 253.7% during the 1st quarter. Acadian Asset Management LLC now owns 81,837 shares of the technology company’s stock valued at $192,000 after purchasing an additional 58,698 shares during the last quarter. Renaissance Group LLC bought a new stake in shares of trivago during the 1st quarter valued at $1,135,000. Renaissance Technologies LLC acquired a new position in trivago in the first quarter valued at about $425,000. Goldman Sachs Group Inc. acquired a new stake in shares of trivago in the 1st quarter valued at approximately $140,000. Finally, Penn Capital Management Company LLC bought a new position in trivago during the 1st quarter worth approximately $2,418,000. Hedge funds and other institutional investors own 10.38% of the company’s stock.

About trivago

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trivago N.V., together with its subsidiaries, operates a hotel and accommodation search platform in the United States, Germany, the United Kingdom, and internationally. It offers an online meta-search for hotels and accommodation through online travel agencies, hotel chains, and independent hotels. The company provides travel search for different types of accommodations, such as hotels, vacation rentals, and private apartments; and enable advertiser access through website and apps.

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Earnings History and Estimates for trivago (NASDAQ:TRVG)

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