* Global Business Travel Group Inc reported quarterly adjusted earnings of 6 cents per share for the quarter ended in June, higher than the same quarter last year, when the company reported EPS of -23 cents. The mean expectation of four analysts for the quarter was for a loss of 4 cents per share. Wall Street expected results to range from -8 cents to 1 cents per share.
* Revenue rose 5.6% to $625.00 million from a year ago; analysts expected $628.85 million.
* Global Business Travel Group Inc's reported EPS for the quarter was 6 cents.
* The company reported quarterly net income of $26 million.
* Global Business Travel Group Inc shares had risen by 0.8% this quarter and gained 3.1% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 110% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the online services peer group is also "buy"
Wall Street's median 12-month price target for Global Business Travel Group Inc is $8.50 This summary was machine generated from LSEG data August 8 at 01:33 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Jun. 30 2024 -0.03 0.06 Beat
Mar. 31 2024 0.04 -0.04 Missed
Dec. 31 2023 -0.03 -0.10 Missed
Sep. 30 2023 0.00 -0.02 Missed
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