Financial News

Earnings To Watch: Global Business Travel (GBTG) Reports Q3 Results Tomorrow

GBTG Cover Image

B2B travel services company Global Business Travel (NYSE:GBTG) will be reporting results tomorrow morning. Here’s what you need to know.

Global Business Travel missed analysts’ revenue expectations by 1.1% last quarter, reporting revenues of $625 million, up 5.6% year on year. It was a slower quarter for the company, with full-year revenue guidance missing analysts’ expectations. It reported 7.72 billion total transactions, up 5.1% year on year.

Is Global Business Travel a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Global Business Travel’s revenue to grow 7.4% year on year to $613.5 million, slowing from the 17% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at $0 per share.

Global Business Travel Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Global Business Travel has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Global Business Travel’s peers in the finance and HR software segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Paylocity delivered year-on-year revenue growth of 14.3%, beating analysts’ expectations by 1.9%, and Paycom reported revenues up 11.2%, topping estimates by 1.1%. Paylocity traded up 3.3% following the results while Paycom was also up 21.3%.

Read our full analysis of Paylocity’s results here and Paycom’s results here.

There has been positive sentiment among investors in the finance and HR software segment, with share prices up 6.3% on average over the last month. Global Business Travel is up 3.6% during the same time and is heading into earnings with an average analyst price target of $8.62 (compared to the current share price of $7.83).

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