Global Business Travel Group (GBTG) Scheduled to Post Quarterly Earnings on Tuesday

Global Business Travel Group (NYSE:GBTG) will be posting its quarterly earnings results before the market opens on Tuesday, November 5th. Analysts expect Global Business Travel Group to post earnings of ($0.08) per share for the quarter. Global Business Travel Group has set its FY 2024 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Global Business Travel Group (NYSE:GBTG) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.11. Global Business Travel Group had a negative return on equity of 1.26% and a negative net margin of 1.66%. The business had revenue of $625.00 million during the quarter, compared to analyst estimates of $643.97 million. On average, analysts expect Global Business Travel Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Global Business Travel Group Stock Performance

Shares of GBTG stock opened at $7.68 on Tuesday. The company’s fifty day moving average price is $7.39 and its 200-day moving average price is $6.72. The stock has a market cap of $3.63 billion, a PE ratio of -19.69 and a beta of 0.64. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.11. Global Business Travel Group has a 12 month low of $4.49 and a 12 month high of $7.95.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Citigroup upped their price objective on shares of Global Business Travel Group from $9.00 to $9.50 and gave the stock a “buy” rating in a report on Friday, October 4th. Evercore ISI upped their price target on Global Business Travel Group from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th.

About Global Business Travel Group

Global Business Travel Group, Inc provides business-to-business (B2B) travel platform in the United States and internationally. The company's platform offers a suite of technology-enabled solutions to business travelers and clients; travel content suppliers, such as airlines, hotels, ground transportation, and aggregators; and third-party travel agencies.