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Gear Up for Booking Holdings (BKNG) Q2 Earnings: Wall Street Estimates for Key Metrics
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In its upcoming report, Booking Holdings (BKNG - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $2.45 per share, reflecting an increase of 10.4% compared to the same period last year. Revenues are forecasted to be $7.19 billion, representing a year-over-year increase of 5.8%.
The consensus EPS estimate for the quarter has undergone a downward revision of 0.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
In light of this perspective, let's dive into the average estimates of certain Booking Holdings metrics that are commonly tracked and forecasted by Wall Street analysts.
The consensus among analysts is that 'Revenues- Agency' will reach $1.91 billion. The estimate suggests a change of -6.6% year over year.
It is projected by analysts that the 'Revenues- Advertising and Other Revenues' will reach $313.10 million. The estimate indicates a year-over-year change of +5.4%.
Analysts' assessment points toward 'Revenues- Merchant' reaching $4.97 billion. The estimate suggests a change of +11.5% year over year.
The collective assessment of analysts points to an estimated 'Units Sold - Room Nights' of 320.57 million. Compared to the present estimate, the company reported 309.00 million in the same quarter last year.
Analysts predict that the 'Gross Bookings - Total' will reach $49.42 billion. Compared to the present estimate, the company reported $46.70 billion in the same quarter last year.
Analysts forecast 'Units Sold - Airline Tickets' to reach 19.22 million. The estimate compares to the year-ago value of 16.00 million.
The combined assessment of analysts suggests that 'Units Sold - Rental Car Days' will likely reach 23.55 million. The estimate compares to the year-ago value of 24.00 million.
The consensus estimate for 'Gross Bookings - Agency' stands at $13.46 billion. Compared to the current estimate, the company reported $14.40 billion in the same quarter of the previous year.
According to the collective judgment of analysts, 'Gross Bookings - Merchant' should come in at $36.02 billion. The estimate compares to the year-ago value of $32.30 billion.
Booking Holdings shares have witnessed a change of +10.2% in the past month, in contrast to the Zacks S&P 500 composite's -1.5% move. With a Zacks Rank #4 (Sell), BKNG is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Gear Up for Booking Holdings (BKNG) Q2 Earnings: Wall Street Estimates for Key Metrics
In its upcoming report, Booking Holdings (BKNG - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $2.45 per share, reflecting an increase of 10.4% compared to the same period last year. Revenues are forecasted to be $7.19 billion, representing a year-over-year increase of 5.8%.
The consensus EPS estimate for the quarter has undergone a downward revision of 0.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
In light of this perspective, let's dive into the average estimates of certain Booking Holdings metrics that are commonly tracked and forecasted by Wall Street analysts.
The consensus among analysts is that 'Revenues- Agency' will reach $1.91 billion. The estimate suggests a change of -6.6% year over year.
It is projected by analysts that the 'Revenues- Advertising and Other Revenues' will reach $313.10 million. The estimate indicates a year-over-year change of +5.4%.
Analysts' assessment points toward 'Revenues- Merchant' reaching $4.97 billion. The estimate suggests a change of +11.5% year over year.
The collective assessment of analysts points to an estimated 'Units Sold - Room Nights' of 320.57 million. Compared to the present estimate, the company reported 309.00 million in the same quarter last year.
Analysts predict that the 'Gross Bookings - Total' will reach $49.42 billion. Compared to the present estimate, the company reported $46.70 billion in the same quarter last year.
Analysts forecast 'Units Sold - Airline Tickets' to reach 19.22 million. The estimate compares to the year-ago value of 16.00 million.
The combined assessment of analysts suggests that 'Units Sold - Rental Car Days' will likely reach 23.55 million. The estimate compares to the year-ago value of 24.00 million.
The consensus estimate for 'Gross Bookings - Agency' stands at $13.46 billion. Compared to the current estimate, the company reported $14.40 billion in the same quarter of the previous year.
According to the collective judgment of analysts, 'Gross Bookings - Merchant' should come in at $36.02 billion. The estimate compares to the year-ago value of $32.30 billion.
View all Key Company Metrics for Booking Holdings here>>>Booking Holdings shares have witnessed a change of +10.2% in the past month, in contrast to the Zacks S&P 500 composite's -1.5% move. With a Zacks Rank #4 (Sell), BKNG is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .