(CTRP) Ctrip.com International – Sales Were Up 47% From Last Year

December 14th, 2009

Ctrip.com International (CTRP) recently pulled from its 52-week high above $78, but the long-term trend is still bullish, helped by rising estimates and better than expected Q3 results, reported on Nov 11.

Third-Quarter Results

Sales were up 47% from last year to $80 million. Earnings also came in strong at 39 cents, 8 cents ahead of the Zacks Consensus Estimate. The company has beat in each of the last four quarters by an average of 6 cents, or 23%.

Estimates Rise

Estimates have risen from the last month, with the current year adding 10 cents to $1.32. The next-year estimate is pegged at $1.77, a bullish 35% growth projection.

Valuation

After the big gains of the last 9 months, this stocks doesn’t come cheap, trading at 53X projected current-year income.

The Chart

Shares of CTRP recently pulled back from the 52-week high above $78, where some short-term resistance has developed. Take a look below.

Zacks Investment Research

More on this topic (What's this?)
Ctrip.com: Is This Risky Stock Worth It? (Investment Underground » Page n..., 1/23/12)
Closing CTRP vs EXPE (Intelligent Speculator, 11/12/09)
Bookkeeping: Locking in Profits in Ctrip.com (CTRP) (Fund my Mutual Fund, 12/3/09)
Bookkeeping: Beginning Starter Stake in Ctrip.com (CTRP) (Fund my Mutual Fund, 11/19/09)
Read more on Ctrip.com International at Wikinvest

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