Trip.com Group Limited (NASDAQ:TCOM) last week reported its latest quarterly results, which makes it a good time for investors to dive in and see if the business is performing in line with expectations. Revenues were CN￥12b, approximately in line with whatthe analysts expected, although statutory earnings per share (EPS) crushed expectations, coming in at CN￥6.38, an impressive 86% ahead of estimates. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

View our latest analysis for Trip.com Group

Taking into account the latest results, the current consensus from Trip.com Group's 35 analysts is for revenues of CN￥52.5b in 2024. This would reflect a notable 11% increase on its revenue over the past 12 months. Per-share earnings are expected to ascend 19% to CN￥19.84. In the lead-up to this report, the analysts had been modelling revenues of CN￥52.5b and earnings per share (EPS) of CN￥19.81 in 2024. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

It will come as no surprise then, to learn that the consensus price target is largely unchanged at US$66.13. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic Trip.com Group analyst has a price target of US$86.85 per share, while the most pessimistic values it at US$49.91. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Trip.com Group is an easy business to forecast or the the analysts are all using similar assumptions.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. It's clear from the latest estimates that Trip.com Group's rate of growth is expected to accelerate meaningfully, with the forecast 15% annualised revenue growth to the end of 2024 noticeably faster than its historical growth of 3.3% p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 9.8% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that Trip.com Group is expected to grow much faster than its industry.