The Benchmark Company Maintains Buy Rating and $45 PT on Travelzoo

A report from The Benchmark Company reiterates its Buy rating and $45 price target on Travelzoo

. The report states, “Travelzoo… is set to report 3Q11 results on Thursday, October 20, before the stock market opens. We estimate Travelzoo could record 38% y/y revenue growth to $38 million, including $11 million (net) from Local Deals, implying no y/y growth in core revenues. Adjusted EBITDA could exceed $10 million, up 58% y/y, leading to EPS of $0.36, ahead of consensus at $0.34”. TZOO closed yesterday at $28.