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Booking Holdings (BKNG) Declines More Than Market: Some Information for Investors
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In the latest close session, Booking Holdings (BKNG - Free Report) was down 1.37% at $4,381.39. The stock's performance was behind the S&P 500's daily loss of 1.36%. At the same time, the Dow lost 1.64%, and the tech-heavy Nasdaq lost 1.46%.
The online booking service's stock has climbed by 7.3% in the past month, exceeding the Retail-Wholesale sector's loss of 0.82% and the S&P 500's loss of 1.76%.
Analysts and investors alike will be keeping a close eye on the performance of Booking Holdings in its upcoming earnings disclosure. The company is expected to report EPS of $29.5, up 18.9% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $5.5 billion, indicating a 15.45% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $266.46 per share and revenue of $30 billion. These totals would mark changes of +16.84% and +11.46%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Booking Holdings. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 0.09% rise in the Zacks Consensus EPS estimate. At present, Booking Holdings boasts a Zacks Rank of #3 (Hold).
Investors should also note Booking Holdings's current valuation metrics, including its Forward P/E ratio of 16.67. This signifies a premium in comparison to the average Forward P/E of 15.96 for its industry.
One should further note that BKNG currently holds a PEG ratio of 1.02. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Internet - Commerce industry was having an average PEG ratio of 0.9.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 157, putting it in the bottom 36% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Booking Holdings (BKNG) Declines More Than Market: Some Information for Investors
In the latest close session, Booking Holdings (BKNG - Free Report) was down 1.37% at $4,381.39. The stock's performance was behind the S&P 500's daily loss of 1.36%. At the same time, the Dow lost 1.64%, and the tech-heavy Nasdaq lost 1.46%.
The online booking service's stock has climbed by 7.3% in the past month, exceeding the Retail-Wholesale sector's loss of 0.82% and the S&P 500's loss of 1.76%.
Analysts and investors alike will be keeping a close eye on the performance of Booking Holdings in its upcoming earnings disclosure. The company is expected to report EPS of $29.5, up 18.9% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $5.5 billion, indicating a 15.45% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $266.46 per share and revenue of $30 billion. These totals would mark changes of +16.84% and +11.46%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Booking Holdings. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 0.09% rise in the Zacks Consensus EPS estimate. At present, Booking Holdings boasts a Zacks Rank of #3 (Hold).
Investors should also note Booking Holdings's current valuation metrics, including its Forward P/E ratio of 16.67. This signifies a premium in comparison to the average Forward P/E of 15.96 for its industry.
One should further note that BKNG currently holds a PEG ratio of 1.02. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Internet - Commerce industry was having an average PEG ratio of 0.9.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 157, putting it in the bottom 36% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.