(CTRP) Ctrip.com International – 47% Jump in Revenue

January 8th, 2010

Ctrip.com International, Ltd. (CTRP) 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.

A chart for Ctrip.com

Bill Wilton is the Growth Stock Strategist for Zacks.com. He is also the Editor in charge of the market-beating Zacks Growth Trader service

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: Closing Ctrip.com (CTRP) (Fund my Mutual Fund, 1/26/10)
Bookkeeping: Locking in Profits in Ctrip.com (CTRP) (Fund my Mutual Fund, 12/3/09)
Read more on Ctrip.com International at Wikinvest

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