Business travel management company Global Business Travel Group (NYSE:GBTG) will announce its earnings results this Monday before the bell. This is what you can expect.
American Express Global Business Travel met analysts’ revenue expectations last quarter, reporting revenue of $631 million, unchanged year over year. It was a strong quarter for the company, with full-year EBITDA guidance exceeding analyst expectations and full-year revenue guidance exceeding analyst expectations.
Is American Express Global Business Travel a profit-making purchase or sale? Read our full review here, it’s free for active Edge members.
Is American Express Global Business Travel a profit-making purchase or sale? Read our full review here, it’s free for active Edge members.
This quarter, analysts expect American Express Global Business Travel’s revenue to grow 2.7% year over year to $613 million, slowing the 4.6% increase it posted in the same quarter last year. Adjusted earnings are expected to be $0.12 per share.
Analysts covering the company have generally reconfirmed their estimates over the past 30 days, suggesting they anticipate the business will stay on track to turn a profit. American Express Global Business Travel has missed Wall Street revenue estimates four times in the past two years.
Looking at American Express Global Business Travel’s peers in the HR and finance software segment, some have already reported their third-quarter results, giving us a hint of what to expect. Marqeta posted year-over-year revenue growth of 27.6%, beating analyst expectations by 9.7%, and Flywire reported revenue rose 27.6%, beating estimates by 7.7%. Marqeta rose 8.5% following the results, while Flywire also rose 1.2%.
Read our full analysis of Marqeta’s results here and Flywire’s results here.
Investors in the finance and HR software segment have had steady hands when it comes to earnings, with share prices stable over the last one month. American Express Global Business Travel is up 5.6% over the same time and is headed for profit with an average analyst price target of $9.91 (versus the current share price of $7.96).
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