The last week or so has brought the conclusion of the Travel sector's first-quarter earnings season near.
Of the six or seven companies which operate within the space, only one has not yet reported, Shanghai-based Ctrip.com International, Ltd. (ADR) CTRP. With most of the group now out of the way, it seems the first part of 2016 was a relatively tough one for this small group.
Since the likes of Expedia Inc EXPE and Travelzoo Inc. TZOO started reporting results on April 28, stocks in the sector are, on average, underperforming the broader stock market, down nearly 2.5 percent versus a 2 percent decline in the S&P 500.
Below is a quick roundup of the performance so far in the Travel sector.
Market News and Data brought to you by Benzinga APIs- Priceline Group Inc PCLN - shares down 8 percent since reporting. Posted first-quarter EPS $10.54 vs a $9.66 analyst consensus estimate on sales of $2.15 billion vs $2.12 billion estimate. Expecting second-quarter adjusted EPS $11.60-$12.50 vs $14.98 estimate on sales growth of 7-14 percent.
- Expedia - stock up 4 percent. Issued quarterly non-GAAP EPS $0.09 vs $(0.06) estimate on sales of $1.9 billion vs $1.84 billion estimate.
- TripAdvisor Inc TRIP - down 3.5 percent. Reported quarterly EPS $0.32 vs $0.46 on sales $352 million vs $422 million estimate.
- Travelport Worldwide Ltd TVPT - down 1.9 percent. Issued quarterly adjusted EPS $0.41 vs $0.32 estimate on sales $609.263 million vs $614 million estimate and reaffirmed the FY16 outlook.
- Travelzoo - down 3.5 percent. Reported quarterly EPS $0.14 vs. $0.09 estimate on sales $34.8 million vs. $37 million estimate.
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