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Booking Holdings (BKNG) Dips More Than Broader Markets: What You Should Know
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Booking Holdings (BKNG - Free Report) closed at $3,103.45 in the latest trading session, marking a -1.2% move from the prior day. This change lagged the S&P 500's 0.32% loss on the day. At the same time, the Dow added 0.17%, and the tech-heavy Nasdaq lost 0.89%.
Prior to today's trading, shares of the online booking service had lost 1.98% over the past month. This has lagged the Retail-Wholesale sector's loss of 1.56% and the S&P 500's loss of 0.12% in that time.
Wall Street will be looking for positivity from Booking Holdings as it approaches its next earnings report date. In that report, analysts expect Booking Holdings to post earnings of $68.36 per share. This would mark year-over-year growth of 28.91%. Meanwhile, our latest consensus estimate is calling for revenue of $7.23 billion, up 19.47% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $144.29 per share and revenue of $21.09 billion, which would represent changes of +44.54% and +23.38%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Booking Holdings. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1% higher. Booking Holdings is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Booking Holdings's current valuation metrics, including its Forward P/E ratio of 21.77. This valuation marks a premium compared to its industry's average Forward P/E of 20.87.
Investors should also note that BKNG has a PEG ratio of 1.09 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 0.96 as of yesterday's close.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 72, putting it in the top 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Booking Holdings (BKNG) Dips More Than Broader Markets: What You Should Know
Booking Holdings (BKNG - Free Report) closed at $3,103.45 in the latest trading session, marking a -1.2% move from the prior day. This change lagged the S&P 500's 0.32% loss on the day. At the same time, the Dow added 0.17%, and the tech-heavy Nasdaq lost 0.89%.
Prior to today's trading, shares of the online booking service had lost 1.98% over the past month. This has lagged the Retail-Wholesale sector's loss of 1.56% and the S&P 500's loss of 0.12% in that time.
Wall Street will be looking for positivity from Booking Holdings as it approaches its next earnings report date. In that report, analysts expect Booking Holdings to post earnings of $68.36 per share. This would mark year-over-year growth of 28.91%. Meanwhile, our latest consensus estimate is calling for revenue of $7.23 billion, up 19.47% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $144.29 per share and revenue of $21.09 billion, which would represent changes of +44.54% and +23.38%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Booking Holdings. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1% higher. Booking Holdings is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Booking Holdings's current valuation metrics, including its Forward P/E ratio of 21.77. This valuation marks a premium compared to its industry's average Forward P/E of 20.87.
Investors should also note that BKNG has a PEG ratio of 1.09 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 0.96 as of yesterday's close.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 72, putting it in the top 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.