Travel + Leisure Co. (NYSE:TNL) Released Earnings Last Week And Analysts Lifted Their Price Target To US$66.31
Investors in Travel + Leisure Co. (NYSE:TNL) had a good week, as its shares rose 9.4% to close at US$60.43 following the release of its full-year results. It was a pretty bad result overall; while revenues were in line with expectations at US$2.2b, statutory losses exploded to US$2.97 per share. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there’s been a strong change in the company’s prospects, or if it’s business as usual. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.
Following the latest results, Travel + Leisure’s eight analysts are now forecasting revenues of US$2.97b in 2021. This would be a sizeable 38% improvement in sales compared to the last 12 months. Earnings are expected to