We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Booking Holdings (BKNG) Stock Moves -1.29%: What You Should Know
Read MoreHide Full Article
In the latest trading session, Booking Holdings (BKNG - Free Report) closed at $2,645.02, marking a -1.29% move from the previous day. This change was narrower than the S&P 500's daily loss of 1.58%. Meanwhile, the Dow lost 1.02%, and the Nasdaq, a tech-heavy index, lost 11.95%.
Heading into today, shares of the online booking service had gained 6.83% over the past month, outpacing the Retail-Wholesale sector's gain of 5.64% and the S&P 500's gain of 4.27% in that time.
Booking Holdings will be looking to display strength as it nears its next earnings release, which is expected to be May 4, 2023. In that report, analysts expect Booking Holdings to post earnings of $10.02 per share. This would mark year-over-year growth of 156.92%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.69 billion, up 36.86% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $127.85 per share and revenue of $19.9 billion, which would represent changes of +28.07% and +16.46%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Booking Holdings. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.55% higher within the past month. Booking Holdings is currently a Zacks Rank #1 (Strong Buy).
In terms of valuation, Booking Holdings is currently trading at a Forward P/E ratio of 20.96. This valuation marks a discount compared to its industry's average Forward P/E of 21.7.
It is also worth noting that BKNG currently has a PEG ratio of 1.26. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Internet - Commerce industry currently had an average PEG ratio of 1.16 as of yesterday's close.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 99, which puts it in the top 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Booking Holdings (BKNG) Stock Moves -1.29%: What You Should Know
In the latest trading session, Booking Holdings (BKNG - Free Report) closed at $2,645.02, marking a -1.29% move from the previous day. This change was narrower than the S&P 500's daily loss of 1.58%. Meanwhile, the Dow lost 1.02%, and the Nasdaq, a tech-heavy index, lost 11.95%.
Heading into today, shares of the online booking service had gained 6.83% over the past month, outpacing the Retail-Wholesale sector's gain of 5.64% and the S&P 500's gain of 4.27% in that time.
Booking Holdings will be looking to display strength as it nears its next earnings release, which is expected to be May 4, 2023. In that report, analysts expect Booking Holdings to post earnings of $10.02 per share. This would mark year-over-year growth of 156.92%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.69 billion, up 36.86% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $127.85 per share and revenue of $19.9 billion, which would represent changes of +28.07% and +16.46%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Booking Holdings. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.55% higher within the past month. Booking Holdings is currently a Zacks Rank #1 (Strong Buy).
In terms of valuation, Booking Holdings is currently trading at a Forward P/E ratio of 20.96. This valuation marks a discount compared to its industry's average Forward P/E of 21.7.
It is also worth noting that BKNG currently has a PEG ratio of 1.26. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Internet - Commerce industry currently had an average PEG ratio of 1.16 as of yesterday's close.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 99, which puts it in the top 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.