The Country Callers discusses expected numbers for Tripadvisor and Vivint Solar prior to their respective Q3 earnings announcements
Tripadvisor Inc. (NASDAQ:TRIP) and Vivint Solar Inc. (NYSE:VSLR) are ready to publish their results for third quarter of fiscal year 2016 (3QFY16) after the closing bell today. The Country Caller reviews their previous earnings trends and whisper numbers. It appears that TRIP will once again miss Street estimates, both on top and bottom lines, whereas VSLR is likely to beat Street’s top line numbers.
Tripadvisor is slated to reveal its earnings in the after-hours today. FactSet data reveals that Tripadvisor has been given consensus earnings per share (EPS) estimate of 54 cents. Earningswhispers.com expects the company to remain in line with its performance for the same period a year ago and report 53 cents in EPS. Wall Street’s expectations suggest a 42.1% sequential increase over the Massachusetts-based company’s last quarter EPS of 38 cents.
The analysts expect TRIP’s revenue to come in at $439.44 million. Estimize.com’s revenue forecast of $434.9 million suggests that it is likely to underperform Street expectations this season. The $9.09 billion company earned $415 million revenue for the same period of FY15, suggesting that Street analysts have factored in 5.89% year-over-year (YoY) in their estimate. Reported net sales for 2QFY16 were $391 million.
For 3QFY16, the consensus has projected that Vivint Solar will report a loss of 46 cents per share today, a cent lower than 3QFY15’s loss of 47 cents per share. Loss is also expected to compress sequentially, as the Utah-based company reported 49 cents in per share loss for the last quarter.
The consensus revenue estimate for VSLR is $43.63 million, lower than Estimize.com’s projected value of $43.91 million. Consensus expects revenue increase of 94.2% as reported net sales for 3QFY15 amounted to $22.47 million. The $302.29 million company also announced $34.9 million revenue for 2QFY16.