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TOUR - Tuniu Achieved GAAP Profitability But Other Indicators Are Mixed
Tuniu Corporation
2024-06-07 13:29:28 ET
Summary
Tuniu Corporation achieved its maiden quarter of positive GAAP earnings in Q1 2024, and the stock could potentially offer a high-single digit percentage forward buyback yield.
TOUR's guidance implies that the company will record a slower rate of top-line expansion in the second quarter of the current year.
I have a mixed view of Tuniu, taking into account its top-line prospects, bottom-line outlook, and capital return.