The Benchmark Company Raises EPS Estimates and PT on Orbitz Worldwide

A report from The Benchmark Company reiterates its Hold rating, raises its FY11/12 EPS estimates to $.25/$.34, and raises its price target from $2 to $3 on Orbitz Worldwide (NYSE: OWW).

The report states, “Orbitz… reported 3Q11 total revenue of $203 million, up 4% y/y, $5 million ahead of consensus, benefiting from 1% y/y growth in gross bookings. EBITDA of $41 million was down 14% y/y, ahead of our $36 million estimate. EPS of $0.11 beat of consensus $0.06."

OWW closed yesterday at $2.75.