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Booking Holdings (BKNG) Reports Q3 Earnings: What Key Metrics Have to Say
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Booking Holdings (BKNG - Free Report) reported $7.99 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 8.9%. EPS of $83.89 for the same period compares to $72.32 a year ago.
The reported revenue represents a surprise of +4.76% over the Zacks Consensus Estimate of $7.63 billion. With the consensus EPS estimate being $77.94, the EPS surprise was +7.63%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Booking Holdings performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Gross Bookings - Total: $43.40 billion versus the eight-analyst average estimate of $41.45 billion.
Gross Bookings - Merchant: $28.40 billion compared to the $25.72 billion average estimate based on seven analysts.
Gross Bookings - Agency: $15.10 billion versus $15.68 billion estimated by seven analysts on average.
Units Sold - Room Nights: 299 million compared to the 289.6 million average estimate based on six analysts.
Units Sold - Rental Car Days: 23 million compared to the 21.97 million average estimate based on four analysts.
Units Sold - Airline Tickets: 13 million compared to the 11.35 million average estimate based on four analysts.
Revenues- Merchant: $4.97 billion compared to the $4.57 billion average estimate based on eight analysts. The reported number represents a change of +26% year over year.
Revenues- Advertising and Other Revenues: $269 million versus $269.69 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +3.1% change.
Revenues- Agency: $2.75 billion versus the eight-analyst average estimate of $2.78 billion. The reported number represents a year-over-year change of -12.2%.
Shares of Booking Holdings have returned +8% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Booking Holdings (BKNG) Reports Q3 Earnings: What Key Metrics Have to Say
Booking Holdings (BKNG - Free Report) reported $7.99 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 8.9%. EPS of $83.89 for the same period compares to $72.32 a year ago.
The reported revenue represents a surprise of +4.76% over the Zacks Consensus Estimate of $7.63 billion. With the consensus EPS estimate being $77.94, the EPS surprise was +7.63%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Booking Holdings performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Gross Bookings - Total: $43.40 billion versus the eight-analyst average estimate of $41.45 billion.
- Gross Bookings - Merchant: $28.40 billion compared to the $25.72 billion average estimate based on seven analysts.
- Gross Bookings - Agency: $15.10 billion versus $15.68 billion estimated by seven analysts on average.
- Units Sold - Room Nights: 299 million compared to the 289.6 million average estimate based on six analysts.
- Units Sold - Rental Car Days: 23 million compared to the 21.97 million average estimate based on four analysts.
- Units Sold - Airline Tickets: 13 million compared to the 11.35 million average estimate based on four analysts.
- Revenues- Merchant: $4.97 billion compared to the $4.57 billion average estimate based on eight analysts. The reported number represents a change of +26% year over year.
- Revenues- Advertising and Other Revenues: $269 million versus $269.69 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +3.1% change.
- Revenues- Agency: $2.75 billion versus the eight-analyst average estimate of $2.78 billion. The reported number represents a year-over-year change of -12.2%.
View all Key Company Metrics for Booking Holdings here>>>Shares of Booking Holdings have returned +8% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.