American Express Global Business Travel (GBTG) Q4 Earnings: What To Expect

Business travel management company Global Business Travel Group (NYSE:GBTG) will be reporting earnings this Monday morning. Here’s what to expect.

American Express Global Business Travel beat analysts’ revenue expectations last quarter, reporting revenues of $674 million, up 12.9% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ revenue estimates and a decent beat of analysts’ EBITDA estimates. It reported 1.77 billion transaction value, down 77.2% year on year.

Is American Express Global Business Travel a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting American Express Global Business Travel’s revenue to grow 33.3% year on year, improving from the 7.7% increase it recorded in the same quarter last year.

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. American Express Global Business Travel has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at American Express Global Business Travel’s peers in the finance and hr software segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Flywire delivered year-on-year revenue growth of 35.4%, beating analysts’ expectations by 5.9%, and BILL reported revenues up 14.4%, topping estimates by 3.7%. Flywire traded up 11.4% following the results while BILL was also up 37.2%.

Read our full analysis of Flywire’s results here and BILL’s results here.

There has been positive sentiment among investors in the finance and hr software segment, with share prices up 3.7% on average over the last month. American Express Global Business Travel is up 4.6% during the same time and is heading into earnings with an average analyst price target of $10.86 (compared to the current share price of $5.87).

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