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Booking Holdings (BKNG) Ascends While Market Falls: Some Facts to Note
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Booking Holdings (BKNG - Free Report) closed at $182.64 in the latest trading session, marking a +2.47% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.22%. Elsewhere, the Dow saw a downswing of 0.03%, while the tech-heavy Nasdaq depreciated by 0.66%.
The online booking service's shares have seen an increase of 6.6% over the last month, surpassing the Retail-Wholesale sector's loss of 5.51% and the S&P 500's loss of 1.21%.
Analysts and investors alike will be keeping a close eye on the performance of Booking Holdings in its upcoming earnings disclosure. In that report, analysts expect Booking Holdings to post earnings of $2.47 per share. This would mark year-over-year growth of 11.26%. Meanwhile, our latest consensus estimate is calling for revenue of $7.19 billion, up 5.74% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $10.44 per share and revenue of $29.4 billion, indicating changes of +14.47% and +9.23%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Booking Holdings. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. At present, Booking Holdings boasts a Zacks Rank of #4 (Sell).
In the context of valuation, Booking Holdings is at present trading with a Forward P/E ratio of 17.07. This expresses no noticeable deviation compared to the average Forward P/E of 17.07 of its industry.
One should further note that BKNG currently holds a PEG ratio of 1.06. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Internet - Commerce was holding an average PEG ratio of 1.06 at yesterday's closing price.
The Internet - Commerce industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 182, positioning it in the bottom 27% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Booking Holdings (BKNG) Ascends While Market Falls: Some Facts to Note
Booking Holdings (BKNG - Free Report) closed at $182.64 in the latest trading session, marking a +2.47% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.22%. Elsewhere, the Dow saw a downswing of 0.03%, while the tech-heavy Nasdaq depreciated by 0.66%.
The online booking service's shares have seen an increase of 6.6% over the last month, surpassing the Retail-Wholesale sector's loss of 5.51% and the S&P 500's loss of 1.21%.
Analysts and investors alike will be keeping a close eye on the performance of Booking Holdings in its upcoming earnings disclosure. In that report, analysts expect Booking Holdings to post earnings of $2.47 per share. This would mark year-over-year growth of 11.26%. Meanwhile, our latest consensus estimate is calling for revenue of $7.19 billion, up 5.74% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $10.44 per share and revenue of $29.4 billion, indicating changes of +14.47% and +9.23%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Booking Holdings. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. At present, Booking Holdings boasts a Zacks Rank of #4 (Sell).
In the context of valuation, Booking Holdings is at present trading with a Forward P/E ratio of 17.07. This expresses no noticeable deviation compared to the average Forward P/E of 17.07 of its industry.
One should further note that BKNG currently holds a PEG ratio of 1.06. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Internet - Commerce was holding an average PEG ratio of 1.06 at yesterday's closing price.
The Internet - Commerce industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 182, positioning it in the bottom 27% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.