While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metric ...

文章核心观点 - Travelzoo (TZOO)股价在过去4周内上涨33.7%,但根据华尔街分析师设定的短期价格目标,该股还有较大上涨潜力[1] - 分析师给出的平均目标价为15.67美元,较当前价格上涨37.5%[1] - 分析师对公司未来盈利前景持乐观态度,这可能是该股有望上涨的合理原因[10] 公司研究 - 分析师给出的价格目标存在较大差异,标准差为3.21美元,最低目标价12美元,最高18美元[2] - 分析师给出的价格目标并不可靠,因为分析师常常出于商业动机而给出过于乐观的目标价[3][6][7] - 但分析师对公司未来盈利的一致看好,可能是该股有望上涨的合理依据[10][11] - 公司目前被评为Zacks Rank 1(强烈买入),这也是该股有望上涨的积极信号[12] 行业研究 - 分析师给出的价格目标差异较小,标准差较低,表明分析师对该股价格走势存在较高一致性[8] - 虽然分析师给出的价格目标不太可靠,但其暗示的价格走向方向可能是一个不错的参考[13]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION (Mark One) Washington, D.C. 20549 ______________________________________________________________________________ Form 10-Q ______________________________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from t ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a great growth stock is not easy at all. By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss. However, the task of finding cutting-edge growth stocks is made easy with the help of the Zack ...

Finally, we should also recognize that TZOO has a P/CF ratio of 8.68. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 15.10. Over the past 52 weeks, TZOO's P/CF has been as high as 11.87 and as low as 5.77, with a median of 8.54. The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stoc ...

However, an impressive consensus price target is not the only factor that indicates a potential upside in TZOO. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside. Price, Consensus and EPS Surprise Here's What You May Not Know About Analysts' Price Targets Accord ...

Good 2Q24 results in line with expectations Travelzoo's 2Q24 results were good, without many changes YoY, and meeting expectations. Valuation is attractive, but I remain cautious Large insider sales: The company's founder, largest shareholder, and brother of the CEO have been selling shares aggressively. The company he beneficially owns (Azzurro) sold 2.5 million shares in the past twelve months. In the past three months, he sold 360 thousand shares. Uncertainty of business model change: As explained above, ...

财务数据和关键指标变化 - 公司Q2合并收入为2.11亿美元,与上年持平,以恒定汇率计算为2.12亿美元,同比增长[10] - 经营利润增长23%至400万美元,占收入19%,上年同期为330万美元[10] - 北美地区经营利润率保持较高水平,达26%[13] - 非GAAP经营利润为480万美元,占收入23%,上年同期为400万美元[14] 各条业务线数据和关键指标变化 - 广告收入为2000万美元,与上年持平[12] - 会员费收入增加至120万美元,预计2025年将大幅增长,因2024年免费会员将于2025年开始付费[12] 各个市场数据和关键指标变化 - 北美地区收入保持稳定,欧洲地区收入有所增长,欧洲地区经营利润转为正数[11] 公司战略和发展方向及行业竞争 - 公司将继续利用全球影响力、知名品牌和与主要旅游供应商的良好关系,为会员谈判更多独家优惠[18] - 公司计划将大量免费会员转化为付费会员,增加会员福利以提高付费会员价值,保持广告业务收入,提高每股收益,发展Jack's Flight Club的订阅收入业务,并谨慎发展Travelzoo元宇宙[20] - 公司看到消费者更加注重价值,不希望过高价格,这正是公司所提供的[35][36] - 公司将会员转为付费模式,形成封闭用户群,这对旅游供应商提供特别优惠很有吸引力[37] 管理层对经营环境和未来前景的评论 - 管理层预计第三季度收入同比增长,但增速将放缓,盈利能力将同比提高[17] - 管理层预计2025年会员费收入将大幅增长[12] 其他重要信息 - 公司现金、现金等价物和受限现金为1.32亿美元,即使在回购80万股后仍保持稳健[16] - 公司大部分运营费用在短期和中期内相对固定,收入增加将提高利润率[17] - 公司正在开发首个元宇宙旅游体验,将采用浏览器模式,并将谨慎发展[21] 问答环节重要的提问和回答 问题1 **Michael Kupinski 提问** 询问公司对2025年会员转化付费的预期和对广告业务的影响[23][24] **Holger Bartel 回答** 公司没有具体预测会员转化付费的数量,但每增加10万付费会员将带来400万美元年收入增长,公司有计划维持广告业务收入[25][26] 问题2 **James Goss 提问** 确认Top 20产品不属于付费会员计划,是公司广告收入的主要来源[28] **Holger Bartel 回答** Top 20是公司最主要的广告收入来源,公司计划保持Top 20的广告业务[29] 问题3 **Steve Silver 提问** 询问公司对现金的使用计划,是否有新的投资增长计划[31] **Holger Bartel 回答** 公司会谨慎考虑现金的最佳用途,包括营销、产品、并购和股票回购等,预计2025年会员费收入大增将大幅改善资产负债表和现金状况[32]

财务表现 - 2024年第二季度收入为2.11亿美元，与去年同期持平[3] - 2024年第二季度合并营业利润为400万美元[3] - 2024年第二季度非GAAP合并营业利润为480万美元[6] - 2024年第二季度经营活动产生的现金流为310万美元[9] - 2024年第二季度每股收益为0.23美元[3] - 公司营业收入为21,128千美元,其中北美地区收入为13,642千美元,欧洲地区收入为6,462千美元,Jack's Flight Club收入为1,011千美元,新业务收入为13千美元[37][38][41] - 公司营业利润为3,273千美元,其中北美地区利润为3,753千美元,欧洲地区利润为-239千美元,Jack's Flight Club利润为97千美元,新业务亏损为338千美元[37][38][41] - 公司非GAAP营业利润为4,817千美元[47] - 公司上半年营业收入为43,126千美元,其中北美地区收入为28,288千美元,欧洲地区收入为12,584千美元,Jack's Flight Club收入为2,199千美元,新业务收入为55千美元[44] - 公司上半年营业利润为9,602千美元,其中北美地区利润为8,155千美元,欧洲地区利润为1,894千美元,Jack's Flight Club利润为-133千美元,新业务亏损为314千美元[44] 会员情况 - 截至2024年6月30日，全球会员总数为3080万，与2023年6月30日持平[16] - 2023年12月宣布从2024年1月1日起对Travelzoo会员收取会员费,但2024年内超过95%的老会员免收会员费[21] 财务状况 - 公司现金及现金等价物为12,567千美元[33] - 公司总资产为51,513千美元[33] - 公司总负债为45,868千美元[33] - 公司总股东权益为5,645千美元[33] 未来展望 - 2024年第三季度预计收入同比增长,但增速将小于2023年[20] - 2025年预计收入将大幅增长,主要来自会员费收入[20] 其他 - 2024年第二季度日本和澳大利亚等地区的特许经营收入为18,000美元[15] - 公司非GAAP营业费用为13,804千美元,其中包括无形资产摊销88千美元,股票期权费用688千美元,裁员相关费用30千美元[46]

Travelzoo, which belongs to the Zacks Internet - Commerce industry, posted revenues of $21.14 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 2.03%. This compares to year-ago revenues of $21.13 million. The company has topped consensus revenue estimates just once over the last four quarters. Travelzoo (TZOO) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.17 per share a year ago. Th ...