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Booking Holdings (BKNG) to Post Q1 Earnings: What to Expect
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Booking Holdings Inc. (BKNG - Free Report) is scheduled to report its first-quarter 2023 results on May 4.
For the first quarter, the Zacks Consensus Estimate for revenues is pegged at $3.74 billion, suggesting growth of 38.9% from the year-ago quarter’s reported figure.
The consensus mark for earnings stands at $10.62 per share, indicating a jump from the year-ago quarter’s reported figure of $3.90. The consensus mark has increased by 1.8% in the past seven days.
Booking Holdings’ first-quarter performance is expected to have benefited from higher customer bookings owing to increased travel demand.
Further, an improving trend in room nights booked, average daily rates (ADRs) and demand for global flight products are expected to have benefited the company during the quarter under review.
Additionally, BKNG’s solid momentum across its agency, merchant, advertising and other businesses is likely to have contributed well to the to-be-reported quarter’s performance.
Growing investments to support the payment platform and the Connected Trip are expected to get reflected in the upcoming results.
Further, Booking.com has been making continuous efforts to make the platform attractive and a trusted payment intermediary among travelers and supplier partners. Moreover, growing initiatives to strengthen the Booking.com brand and the Genius loyalty program are likely to have reaped benefits.
Solid momentum among the target groups is likely to have bolstered the company’s accommodation business in the quarter under discussion.
Also, rising investments to enhance the mobile app platform to boost customer engagement are likely to have continued contributing significantly to the top line in the to-be-reported quarter.
However, macroeconomic headwinds, increasing expenses and stiff competition in the online travel booking space are expected to have remained concerns for Booking Holdings in the to-be-reported quarter.
What Our Model Says
Our proven model predicts an earnings beat for Booking Holdings this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Booking Holdings has an Earnings ESP of +14.56% and a Zacks Rank #2 at present.
Other Stocks to Consider
Here are some stocks worth considering as our model shows that these also have the right combination of elements to beat on earnings this season.
DOCN is scheduled to release first-quarter 2023 results on May 9. The Zacks Consensus Estimate for DOCN’s earnings is pegged at 29 cents per share, suggesting a jump from 7 cents per share reported in the prior-year quarter.
BILL Holdings, Inc. (BILL - Free Report) has an Earnings ESP of +13.02% and a Zacks Rank #2 at present.
BILL Holdings is set to report third-quarter fiscal 2023 results on May 4. The Zacks Consensus Estimate for BILL’s earnings is pegged at 24 cents per share. The company incurred a loss of 8 cents per share in the year-ago quarter.
PayPal (PYPL - Free Report) has an Earnings ESP of +2.15% and a Zacks Rank #3 at present.
PYPL is scheduled to report first-quarter 2023 results on May 8. The Zacks Consensus Estimate for PYPL’s earnings is pegged at $1.09 per share, suggesting an increase of 23.9% from the prior-year quarter’s reported figure.
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Booking Holdings (BKNG) to Post Q1 Earnings: What to Expect
Booking Holdings Inc. (BKNG - Free Report) is scheduled to report its first-quarter 2023 results on May 4.
For the first quarter, the Zacks Consensus Estimate for revenues is pegged at $3.74 billion, suggesting growth of 38.9% from the year-ago quarter’s reported figure.
The consensus mark for earnings stands at $10.62 per share, indicating a jump from the year-ago quarter’s reported figure of $3.90. The consensus mark has increased by 1.8% in the past seven days.
Booking Holdings Inc. Price and EPS Surprise
Booking Holdings Inc. price-eps-surprise | Booking Holdings Inc. Quote
Key Factors to Note
Booking Holdings’ first-quarter performance is expected to have benefited from higher customer bookings owing to increased travel demand.
Further, an improving trend in room nights booked, average daily rates (ADRs) and demand for global flight products are expected to have benefited the company during the quarter under review.
Additionally, BKNG’s solid momentum across its agency, merchant, advertising and other businesses is likely to have contributed well to the to-be-reported quarter’s performance.
Growing investments to support the payment platform and the Connected Trip are expected to get reflected in the upcoming results.
Further, Booking.com has been making continuous efforts to make the platform attractive and a trusted payment intermediary among travelers and supplier partners. Moreover, growing initiatives to strengthen the Booking.com brand and the Genius loyalty program are likely to have reaped benefits.
Solid momentum among the target groups is likely to have bolstered the company’s accommodation business in the quarter under discussion.
Also, rising investments to enhance the mobile app platform to boost customer engagement are likely to have continued contributing significantly to the top line in the to-be-reported quarter.
However, macroeconomic headwinds, increasing expenses and stiff competition in the online travel booking space are expected to have remained concerns for Booking Holdings in the to-be-reported quarter.
What Our Model Says
Our proven model predicts an earnings beat for Booking Holdings this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Booking Holdings has an Earnings ESP of +14.56% and a Zacks Rank #2 at present.
Other Stocks to Consider
Here are some stocks worth considering as our model shows that these also have the right combination of elements to beat on earnings this season.
DigitalOcean (DOCN - Free Report) has an Earnings ESP of +3.45% and a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
DOCN is scheduled to release first-quarter 2023 results on May 9. The Zacks Consensus Estimate for DOCN’s earnings is pegged at 29 cents per share, suggesting a jump from 7 cents per share reported in the prior-year quarter.
BILL Holdings, Inc. (BILL - Free Report) has an Earnings ESP of +13.02% and a Zacks Rank #2 at present.
BILL Holdings is set to report third-quarter fiscal 2023 results on May 4. The Zacks Consensus Estimate for BILL’s earnings is pegged at 24 cents per share. The company incurred a loss of 8 cents per share in the year-ago quarter.
PayPal (PYPL - Free Report) has an Earnings ESP of +2.15% and a Zacks Rank #3 at present.
PYPL is scheduled to report first-quarter 2023 results on May 8. The Zacks Consensus Estimate for PYPL’s earnings is pegged at $1.09 per share, suggesting an increase of 23.9% from the prior-year quarter’s reported figure.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.