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Booking Holdings (BKNG) Advances But Underperforms Market: Key Facts
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In the latest trading session, Booking Holdings (BKNG - Free Report) closed at $4,210.32, marking a +2.25% move from the previous day. This move lagged the S&P 500's daily gain of 2.91%. Meanwhile, the Dow experienced a rise of 2.49%, and the technology-dominated Nasdaq saw an increase of 3.83%.
Shares of the online booking service have depreciated by 1.49% over the course of the past month, outperforming the Retail-Wholesale sector's loss of 6.46%, and the S&P 500's loss of 7.64%.
Market participants will be closely following the financial results of Booking Holdings in its upcoming release. The company's upcoming EPS is projected at $29.5, signifying a 18.90% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $5.5 billion, reflecting a 15.45% rise from the equivalent quarter last year.
BKNG's full-year Zacks Consensus Estimates are calling for earnings of $266.94 per share and revenue of $30 billion. These results would represent year-over-year changes of +17.05% and +11.46%, respectively.
Investors might also notice recent changes to analyst estimates for Booking Holdings. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.08% higher. Booking Holdings is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Booking Holdings has a Forward P/E ratio of 15.43 right now. For comparison, its industry has an average Forward P/E of 15.4, which means Booking Holdings is trading at a premium to the group.
It is also worth noting that BKNG currently has a PEG ratio of 0.94. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Commerce industry currently had an average PEG ratio of 0.88 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 180, which puts it in the bottom 27% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Booking Holdings (BKNG) Advances But Underperforms Market: Key Facts
In the latest trading session, Booking Holdings (BKNG - Free Report) closed at $4,210.32, marking a +2.25% move from the previous day. This move lagged the S&P 500's daily gain of 2.91%. Meanwhile, the Dow experienced a rise of 2.49%, and the technology-dominated Nasdaq saw an increase of 3.83%.
Shares of the online booking service have depreciated by 1.49% over the course of the past month, outperforming the Retail-Wholesale sector's loss of 6.46%, and the S&P 500's loss of 7.64%.
Market participants will be closely following the financial results of Booking Holdings in its upcoming release. The company's upcoming EPS is projected at $29.5, signifying a 18.90% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $5.5 billion, reflecting a 15.45% rise from the equivalent quarter last year.
BKNG's full-year Zacks Consensus Estimates are calling for earnings of $266.94 per share and revenue of $30 billion. These results would represent year-over-year changes of +17.05% and +11.46%, respectively.
Investors might also notice recent changes to analyst estimates for Booking Holdings. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.08% higher. Booking Holdings is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Booking Holdings has a Forward P/E ratio of 15.43 right now. For comparison, its industry has an average Forward P/E of 15.4, which means Booking Holdings is trading at a premium to the group.
It is also worth noting that BKNG currently has a PEG ratio of 0.94. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Commerce industry currently had an average PEG ratio of 0.88 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 180, which puts it in the bottom 27% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.