Chinese leisure stocks ATAT and TCOM are top-rated, benefiting from strong holiday travel demand

From Nasdaq: 2024-11-27 19:36:00

The Zacks Leisure and Recreation Services Industry is currently in the top 7% of Zacks industries, with certain Chinese ADRs standing out. Atour Lifestyle Holdings (ATAT) and Trip.com (TCOM) are two top-rated leisure stocks with a Zacks Rank #1 (Strong Buy), benefitting from holiday travel season demand.

Atour reported Q3 earnings of $0.39 per share, up 44% from the previous year, with sales of $270.55 million, a 52% increase. Trip.com exceeded Q3 EPS expectations by 37%, with earnings at $1.25 per share, and sales of $2.26 billion, a 20% increase from the previous year.

Both Atour Lifestyle Holdings and Trip.com are seeing strong travel demand for the holiday season, with earnings estimate revisions higher, suggesting their stellar performance could continue, making them top leisure stocks to watch.

Zacks Investment Research has identified 7 elite stocks with a Zacks Rank #1 Strong Buy that are Most Likely for Early Price Pops. Since 1988, the list has outperformed the market by more than 2X with an average gain of +24.1% per year. Investors are advised to give these 7 stocks immediate attention.



Read more at Nasdaq: Don’t Overlook These Chinese Leisure & Recreation Stocks: ATAT, TCOM