Ctrip.com International, Ltd. (CTRO) recently set a new 52-week high as people are returning to normal vacation habits.
Company Description
Ctrip.com is a Chinese travel web site that offers discounted flights, hotels, and travel packages, similar to Orbitz or Travelocity.
47% Jump in Revenue
Ctrip.com reported third-quarter revenue of $80 million on Nov 11, which is up 47% on a year-over-year basis. Net income came in at $32 million, up 59%.
Earnings per share was an impressive 39 cents, beating the Zacks Consensus Estimate by 8 cents. This was Ctrip.com’s fourth consecutive earnings surprise.
Analysts React
Following the earnings release the Zacks Consensus Estimate for 2009 jumped a dime to $1.32. Forecasts for next year are averaging $1.79, up 15 cents.
Ctrip.com’s estimated earnings growth rates, given these figures are 39% and 36%, respectively.
Fundamentals
While shares of CTRP are not a great value, trading at roughly 40 times 2010 earnings, it does have a strong ROE and profit margin. The ROE is currently 26% and the net profit margin is 32%.
The Chart
Shares of CTRP are range-bound right now, but continue to pressure the 52-week high. It will likely remain at this level until the earnings release, which is about a month away. Take a look at the chart below.
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