Global Business Travel Group, Inc. (GBTG) Reports Q3 Loss, Misses Revenue Estimates

Zacks11-05

Global Business Travel Group, Inc. (GBTG) came out with a quarterly loss of $0.22 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.02 per share a year ago....

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This compares to loss of $0.02 per share a year ago....</p>\n\n<a href=\"https://finance.yahoo.com/news/global-business-travel-group-inc-140003576.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Global Business Travel Group, Inc. 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(GBTG) Reports Q3 Loss, Misses Revenue Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-05 22:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/global-business-travel-group-inc-140003576.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Global Business Travel Group, Inc. (GBTG) came out with a quarterly loss of $0.22 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.02 per share a year ago....</p>\n\n<a href=\"https://finance.yahoo.com/news/global-business-travel-group-inc-140003576.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GBTG","symbol_name":"Global Business Travel Group, Inc.","start_time":0,"source_url":"https://finance.yahoo.com/news/global-business-travel-group-inc-140003576.html","article_id":"2481668416","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/apbC75v0joJeGGZArvqIvw--~B/aD02NzU7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/105b2acef7bf0873f24b78932b1fdc3c"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481668416","pubTimestamp":1730815203,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Global Business Travel Group, Inc.  came out with a quarterly loss of $0.22 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -175%. A quarter ago, it was expected that this company would post a loss of $0.04 per share when it actually produced earnings of $0.07, delivering a surprise of 275%.Global Business Travel Group, Inc. , which belongs to the Zacks Transportation - Services industry, posted revenues of $597 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 2.43%. This compares to year-ago revenues of $571 million. The company has topped consensus revenue estimates just once over the last four quarters.Global Business Travel Group, Inc. Shares have added about 19.1% since the beginning of the year versus the S&P 500's gain of 19.8%.While Global Business Travel Group, Inc","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"GBTG":"Global Business Travel Group, Inc."},"translate_title":"全球商务旅行集团公司(GBTG)报告第三季度亏损，未达到收入预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GBTG":1},"content_text":"Global Business Travel Group, Inc. (GBTG) came out with a quarterly loss of $0.22 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.02 per share a year ago. These figures are adjusted for non-recurring items.\nThis quarterly report represents an earnings surprise of -175%. A quarter ago, it was expected that this company would post a loss of $0.04 per share when it actually produced earnings of $0.07, delivering a surprise of 275%.\nOver the last four quarters, the company has surpassed consensus EPS estimates just once.\nGlobal Business Travel Group, Inc. , which belongs to the Zacks Transportation - Services industry, posted revenues of $597 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 2.43%. This compares to year-ago revenues of $571 million. The company has topped consensus revenue estimates just once over the last four quarters.\nThe sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.\nGlobal Business Travel Group, Inc. Shares have added about 19.1% since the beginning of the year versus the S&P 500's gain of 19.8%.\nWhat's Next for Global Business Travel Group, Inc.\nWhile Global Business Travel Group, Inc. Has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?\nThere are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.\nEmpirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.\nAhead of this earnings release, the estimate revisions trend for Global Business Travel Group, Inc. Favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.\nIt will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.03 on $587.81 million in revenues for the coming quarter and -$0.08 on $2.43 billion in revenues for the current fiscal year.\nInvestors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Transportation - Services is currently in the bottom 28% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.\nPowerFleet (AIOT), another stock in the same industry, has yet to report results for the quarter ended September 2024. The results are expected to be released on November 12.\nThis maker of tracking and communications technology for fleet vehicles is expected to post quarterly loss of $0.01 per share in its upcoming report, which represents a year-over-year change of +88.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.\nPowerFleet's revenues are expected to be $74.54 million, up 118% from the year-ago quarter.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nGlobal Business Travel Group, Inc. (GBTG) : Free Stock Analysis Report\nPowerFleet, Inc. (AIOT) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481668416"}