Free Post Earnings Research Report: Ctrip's Quarterly Earnings Advanced 234.62%

LONDON, UK / ACCESSWIRE / June 22, 2018 / If you want access to our free earnings report on Ctrip.com International, Ltd (NASDAQ: CTRP) ("Ctrip"), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=CTRP. The Company reported its financial results on May 22, 2018, for the first quarter of the fiscal year 2018, ended March 31, 2018. The Company surpassed analysts' estimates for earnings and revenues in Q1 FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Ctrip.com International most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=CTRP

Earnings Highlights and Summary

Ctrip introduced the new revenue standard, ASC 606, during the reported period, effective from January 01, 2018. The Company's revenues for Q1 FY18 have been reported under the new standard.

Ctrip's net revenues reached RMB6.73 billion in Q1 FY18, reflecting an increase of 11.35% from RMB6.05 billion in Q1 FY17. Translated into USD, the Company had total revenues of $1.07 billion in Q1 FY18, higher than the analysts' consensus estimates of $1.04 billion.

For the quarter under review, Ctrip's accommodation revenues were RMB2.49 billion, up 22.94% on a y-o-y basis, and transportation ticketing revenues were RMB2.89 billion, up 0.45% on a y-o-y basis. Moreover, the Company's package-tour revenues jumped 17.63% to RMB834 million on a y-o-y basis, while its corporate travel revenues increased 25% to RMB180 million in Q1 FY18.

During Q1 FY18, Ctrip's cost of revenues was RMB1.24 billion, 4.63% higher than RMB1.19 billion in Q1 FY17. The Company's gross profit advanced 12.99% to RMB5.49 billion in the reported quarter from RMB4.86 billion in the year ago same quarter.

Ctrip incurred total operating expenses of RMB4.90 billion in Q1 FY18, up 9.26% from RMB4.48 billion in Q1 FY17. The Company's income from operations ascended 57.75% to RMB590 million in the quarter under review from RMB374 million in the previous year's comparable quarter.

For the quarter ended March 31, 2018, Ctrip's net income attributable to common shareholders was RMB1.06 billion, 1938.46% higher than RMB52 million in Q1 FY17. The Company's diluted earnings per share (EPS) also rose 1,710% to RMB1.81 in the reported quarter from RMB0.10 in the year ago corresponding quarter. On a USD basis, the Company had a diluted EPS of $0.29 in Q1 FY18. The Company's reported earnings included share-based compensation expenses and fair value changes of equity securities investments. Ctrip's adjusted diluted EPS, excluding non-recurring items, were RMB3.48 in Q1 FY18, up 234.62% from RMB1.04 in Q1 FY17. In USD terms, the Company had an adjusted diluted EPS of $0.55 in the reported quarter, higher than analysts' consensus estimates of $0.15 per share.

Cash Matters

Ctrip had cash and cash equivalents of RMB17.25 billion as on March 31, 2018, a decrease of 5.43% from RMB18.24 billion as on December 31, 2017. The Company's long-term debt balance also declined 0.51% to RMB29.07 billion at the end of Q1 FY18 from RMB29.22 billion at the end of Q4 FY17.

Outlook

For the second quarter of the fiscal year 2018, Ctrip expects net revenue growth to continue at a y-o-y rate of approximately 12% to 17%, calculated on the estimated net revenue of Q2 FY18 as per the new revenue recognition standard and the net revenues of Q2 FY17 retrospectively adjusted.

Stock Performance Snapshot

June 21, 2018 - At Thursday's closing bell, Ctrip.com International's stock fell 1.35%, ending the trading session at $49.00.

Volume traded for the day: 3.81 million shares.

Stock performance in the last month – up 12.80%; previous three-month period – up 1.68%; past six-month period – up 10.56%; and year-to-date – up 11.11%

After yesterday's close, Ctrip.com International's market cap was at $26.24 billion.

Price to Earnings (P/E) ratio was at 64.05.

The stock is part of the Services sector, categorized under the Lodging industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors