Ctrip.com To Experience Huge YoY Decline, Experts & Crowd Say

Shares of Ctrip.com International, Ltd. (ADR) CTRP were up on Tuesday as the company prepares to announce its first quarter financial results on Wednesday after the market close.

A look at Estimize reveals that the travel services provider is expected to deliver a marked year-over-year decline in earnings. For the first quarter of 2015, The Street anticipates a net loss of $(0.27) per share on revenue of $361.91 million, while the crowd projects a net loss of $(0.22) per share on revenue of $364.25 million.

These estimates compare to last quarter’s net loss of $(0.26) and revenue of $308.37 million, and to earnings of $0.12 per share on revenue of $254.45 million reported in the first quarter of 2014.

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The company has either beat or met Wall Street’s estimates over the past eight quarters, although it missed the crowd’s consensus a few times.

A second chart shows how estimates have evolved over time. Experts have become increasingly bullish on Ctrip.com since the beginning of the year; the Street’s consensus now stands at its lowest point. Opposite was the case of the crowd, which has become, over the past couple of weeks, more constructive on the company’s results.

Some Recent Ratings

Last week, analysts at Barclays upgraded Ctrip.com from Equal-weight to Overweight, boosting their price target from $60.00 to $82.00. A month earlier, Piper Jaffray had upgraded the stock from Neutral to Outperform, raising its price target from $54.00 to $90.00.

On the other hand, Summit Research rates the stock a Hold.