We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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 Dips While Market Gains: Key Facts
Read MoreHide Full Article
The most recent trading session ended with Booking Holdings (BKNG - Free Report) standing at $3,408.14, reflecting a -0.35% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily gain of 0.18%. At the same time, the Dow added 0.07%, and the tech-heavy Nasdaq gained 0.1%.
Coming into today, shares of the online booking service had gained 5.61% in the past month. In that same time, the Retail-Wholesale sector gained 2.45%, while the S&P 500 gained 2.75%.
Market participants will be closely following the financial results of Booking Holdings in its upcoming release. On that day, Booking Holdings is projected to report earnings of $29.42 per share, which would represent year-over-year growth of 18.92%. Alongside, our most recent consensus estimate is anticipating revenue of $4.64 billion, indicating a 14.68% upward movement from the same quarter last year.
It is also important to note the recent changes to analyst estimates for Booking Holdings. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.26% higher within the past month. As of now, Booking Holdings holds a Zacks Rank of #3 (Hold).
Digging into valuation, Booking Holdings currently has a Forward P/E ratio of 19.27. This signifies a discount in comparison to the average Forward P/E of 19.95 for its industry.
Also, we should mention that BKNG has a PEG ratio of 0.89. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. BKNG's industry had an average PEG ratio of 0.56 as of yesterday's close.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 74, finds itself in the top 30% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Booking Holdings (BKNG) Stock Dips While Market Gains: Key Facts
The most recent trading session ended with Booking Holdings (BKNG - Free Report) standing at $3,408.14, reflecting a -0.35% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily gain of 0.18%. At the same time, the Dow added 0.07%, and the tech-heavy Nasdaq gained 0.1%.
Coming into today, shares of the online booking service had gained 5.61% in the past month. In that same time, the Retail-Wholesale sector gained 2.45%, while the S&P 500 gained 2.75%.
Market participants will be closely following the financial results of Booking Holdings in its upcoming release. On that day, Booking Holdings is projected to report earnings of $29.42 per share, which would represent year-over-year growth of 18.92%. Alongside, our most recent consensus estimate is anticipating revenue of $4.64 billion, indicating a 14.68% upward movement from the same quarter last year.
It is also important to note the recent changes to analyst estimates for Booking Holdings. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.26% higher within the past month. As of now, Booking Holdings holds a Zacks Rank of #3 (Hold).
Digging into valuation, Booking Holdings currently has a Forward P/E ratio of 19.27. This signifies a discount in comparison to the average Forward P/E of 19.95 for its industry.
Also, we should mention that BKNG has a PEG ratio of 0.89. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. BKNG's industry had an average PEG ratio of 0.56 as of yesterday's close.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 74, finds itself in the top 30% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.