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Booking Holdings (BKNG) Registers a Bigger Fall Than the Market: Important Facts to Note
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In the latest close session, Booking Holdings (BKNG - Free Report) was down 2.31% at $171.30. The stock fell short of the S&P 500, which registered a loss of 0.45% for the day. At the same time, the Dow lost 0.63%, and the tech-heavy Nasdaq lost 0.78%.
Shares of the online booking service have depreciated by 14.36% over the course of the past month, underperforming the Retail-Wholesale sector's loss of 5.39%, and the S&P 500's loss of 1.99%.
The investment community will be paying close attention to the earnings performance of Booking Holdings in its upcoming release. The company is expected to report EPS of $4.49, up 12.81% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $9.57 billion, indicating a 6.27% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $10.51 per share and revenue of $29.28 billion, indicating changes of +15.24% and +8.77%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Booking Holdings. Such recent modifications usually signify the changing landscape of near-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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.12% higher within the past month. Booking Holdings presently features a Zacks Rank of #3 (Hold).
Digging into valuation, Booking Holdings currently has a Forward P/E ratio of 16.69. For comparison, its industry has an average Forward P/E of 16.74, which means Booking Holdings is trading at a discount to the group.
It's also important to note that BKNG currently trades at a PEG ratio of 1.08. 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 of the close of trade yesterday, the Internet - Commerce industry held an average PEG ratio of 1.21.
The Internet - Commerce industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 159, placing it within the bottom 36% of over 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.
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) Registers a Bigger Fall Than the Market: Important Facts to Note
In the latest close session, Booking Holdings (BKNG - Free Report) was down 2.31% at $171.30. The stock fell short of the S&P 500, which registered a loss of 0.45% for the day. At the same time, the Dow lost 0.63%, and the tech-heavy Nasdaq lost 0.78%.
Shares of the online booking service have depreciated by 14.36% over the course of the past month, underperforming the Retail-Wholesale sector's loss of 5.39%, and the S&P 500's loss of 1.99%.
The investment community will be paying close attention to the earnings performance of Booking Holdings in its upcoming release. The company is expected to report EPS of $4.49, up 12.81% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $9.57 billion, indicating a 6.27% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $10.51 per share and revenue of $29.28 billion, indicating changes of +15.24% and +8.77%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Booking Holdings. Such recent modifications usually signify the changing landscape of near-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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.12% higher within the past month. Booking Holdings presently features a Zacks Rank of #3 (Hold).
Digging into valuation, Booking Holdings currently has a Forward P/E ratio of 16.69. For comparison, its industry has an average Forward P/E of 16.74, which means Booking Holdings is trading at a discount to the group.
It's also important to note that BKNG currently trades at a PEG ratio of 1.08. 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 of the close of trade yesterday, the Internet - Commerce industry held an average PEG ratio of 1.21.
The Internet - Commerce industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 159, placing it within the bottom 36% of over 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.