Global Business Travel Group Inc reports results for the quarter ended March 31 - Earnings Summary

• Global Business Travel Group Inc GBTG.N reported quarterly adjusted earnings of 12 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -4 cents. The mean expectation of six analysts for the quarter was for earnings of 12 cents per share. Wall Street expected results to range from 3 cents to 17 cents per share.

• Revenue rose 1.8% to $621.00 million from a year ago; analysts expected $633.58 million.

• Global Business Travel Group Inc's reported EPS for the quarter was 16 cents​.

• The company reported quarterly net income of $75 million.

• Global Business Travel Group Inc shares had fallen by 5.1% this quarter and lost 25.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 23.9% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the online services peer group is also "buy"

• Wall Street's median 12-month price target for Global Business Travel Group Inc is $10.60

This summary was machine generated from LSEG data May 6 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)