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Booking Holdings (BKNG) Stock Drops Despite Market Gains: Important Facts to Note
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Booking Holdings (BKNG - Free Report) closed at $160.26 in the latest trading session, marking a -1.63% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.2%. Meanwhile, the Dow experienced a rise of 0.04%, and the technology-dominated Nasdaq saw an increase of 0.04%.
The online booking service's shares have seen a decrease of 18.38% over the last month, not keeping up with the Retail-Wholesale sector's loss of 5.49% and the S&P 500's loss of 0.35%.
Market participants will be closely following the financial results 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. Our most recent consensus estimate is calling for quarterly revenue of $9.57 billion, up 6.27% from the year-ago period.
BKNG's full-year Zacks Consensus Estimates are calling for earnings of $10.5 per share and revenue of $29.28 billion. These results would represent year-over-year changes of +15.13% and +8.78%, respectively.
Investors might also notice recent changes to analyst estimates for Booking Holdings. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for 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 varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.08% higher. Booking Holdings is currently sporting a Zacks Rank of #3 (Hold).
From a valuation perspective, Booking Holdings is currently exchanging hands at a Forward P/E ratio of 15.51. This represents a premium compared to its industry average Forward P/E of 15.4.
It's also important to note that BKNG currently trades at a PEG ratio of 1.01. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As the market closed yesterday, the Internet - Commerce industry was having an average PEG ratio of 1.18.
The Internet - Commerce industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 194, positioning it in the bottom 22% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow BKNG in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Booking Holdings (BKNG) Stock Drops Despite Market Gains: Important Facts to Note
Booking Holdings (BKNG - Free Report) closed at $160.26 in the latest trading session, marking a -1.63% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.2%. Meanwhile, the Dow experienced a rise of 0.04%, and the technology-dominated Nasdaq saw an increase of 0.04%.
The online booking service's shares have seen a decrease of 18.38% over the last month, not keeping up with the Retail-Wholesale sector's loss of 5.49% and the S&P 500's loss of 0.35%.
Market participants will be closely following the financial results 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. Our most recent consensus estimate is calling for quarterly revenue of $9.57 billion, up 6.27% from the year-ago period.
BKNG's full-year Zacks Consensus Estimates are calling for earnings of $10.5 per share and revenue of $29.28 billion. These results would represent year-over-year changes of +15.13% and +8.78%, respectively.
Investors might also notice recent changes to analyst estimates for Booking Holdings. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for 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 varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.08% higher. Booking Holdings is currently sporting a Zacks Rank of #3 (Hold).
From a valuation perspective, Booking Holdings is currently exchanging hands at a Forward P/E ratio of 15.51. This represents a premium compared to its industry average Forward P/E of 15.4.
It's also important to note that BKNG currently trades at a PEG ratio of 1.01. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As the market closed yesterday, the Internet - Commerce industry was having an average PEG ratio of 1.18.
The Internet - Commerce industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 194, positioning it in the bottom 22% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow BKNG in the coming trading sessions, be sure to utilize Zacks.com.