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Booking Holdings (BKNG) Stock Moves -2.55%: What You Should Know
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In the latest trading session, Booking Holdings (BKNG - Free Report) closed at $164.22, marking a -2.55% move from the previous day. Meanwhile, the Dow lost 0.36%, and the Nasdaq, a tech-heavy index, added 0.45%.
Heading into today, shares of the online booking service had lost 21.02% over the past month, lagging the Retail-Wholesale sector's loss of 3.54% and the S&P 500's gain of 1.27%.
The upcoming earnings release of Booking Holdings will be of great interest to investors. The company is predicted to post an EPS of $4.49, indicating a 12.81% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $9.57 billion, up 6.27% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $10.5 per share and a revenue of $29.28 billion, signifying shifts of +15.13% and +8.78%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Booking Holdings. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. Over the past month, the Zacks Consensus EPS estimate has shifted 0.11% upward. As of now, Booking Holdings holds a Zacks Rank of #3 (Hold).
In the context of valuation, Booking Holdings is at present trading with a Forward P/E ratio of 16.05. This denotes a discount relative to the industry average Forward P/E of 16.42.
Investors should also note that BKNG has a PEG ratio of 1.04 right now. 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. BKNG's industry had an average PEG ratio of 1.22 as of yesterday's close.
The Internet - Commerce industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 153, this industry ranks in the bottom 38% of all industries, numbering over 250.
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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
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Booking Holdings (BKNG) Stock Moves -2.55%: What You Should Know
In the latest trading session, Booking Holdings (BKNG - Free Report) closed at $164.22, marking a -2.55% move from the previous day. Meanwhile, the Dow lost 0.36%, and the Nasdaq, a tech-heavy index, added 0.45%.
Heading into today, shares of the online booking service had lost 21.02% over the past month, lagging the Retail-Wholesale sector's loss of 3.54% and the S&P 500's gain of 1.27%.
The upcoming earnings release of Booking Holdings will be of great interest to investors. The company is predicted to post an EPS of $4.49, indicating a 12.81% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $9.57 billion, up 6.27% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $10.5 per share and a revenue of $29.28 billion, signifying shifts of +15.13% and +8.78%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Booking Holdings. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. Over the past month, the Zacks Consensus EPS estimate has shifted 0.11% upward. As of now, Booking Holdings holds a Zacks Rank of #3 (Hold).
In the context of valuation, Booking Holdings is at present trading with a Forward P/E ratio of 16.05. This denotes a discount relative to the industry average Forward P/E of 16.42.
Investors should also note that BKNG has a PEG ratio of 1.04 right now. 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. BKNG's industry had an average PEG ratio of 1.22 as of yesterday's close.
The Internet - Commerce industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 153, this industry ranks in the bottom 38% of all industries, numbering over 250.
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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.