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The latest trading session saw Booking Holdings (BKNG - Free Report) ending at $2,835.37, denoting a +0.56% adjustment from its last day's close. This move lagged the S&P 500's daily gain of 0.73%. At the same time, the Dow added 0.62%, and the tech-heavy Nasdaq gained 0.93%.
Shares of the online booking service witnessed a loss of 8.99% over the previous month, trailing the performance of the Retail-Wholesale sector with its loss of 3.41% and the S&P 500's loss of 2.29%.
Investors will be eagerly watching for the performance of Booking Holdings in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 2, 2023. The company is expected to report EPS of $67.85, up 27.95% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $7.23 billion, indicating a 19.47% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $143.79 per share and revenue of $21.08 billion, which would represent changes of +44.03% and +23.36%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Booking Holdings. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 moved 0.34% lower. As of now, Booking Holdings holds a Zacks Rank of #4 (Sell).
In the context of valuation, Booking Holdings is at present trading with a Forward P/E ratio of 19.61. This valuation marks a premium compared to its industry's average Forward P/E of 19.23.
Meanwhile, BKNG's PEG ratio is currently 0.88. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Internet - Commerce industry had an average PEG ratio of 0.71.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 94, finds itself in the top 38% echelons 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Booking Holdings (BKNG) Rises Yet Lags Behind Market: Some Facts Worth Knowing
The latest trading session saw Booking Holdings (BKNG - Free Report) ending at $2,835.37, denoting a +0.56% adjustment from its last day's close. This move lagged the S&P 500's daily gain of 0.73%. At the same time, the Dow added 0.62%, and the tech-heavy Nasdaq gained 0.93%.
Shares of the online booking service witnessed a loss of 8.99% over the previous month, trailing the performance of the Retail-Wholesale sector with its loss of 3.41% and the S&P 500's loss of 2.29%.
Investors will be eagerly watching for the performance of Booking Holdings in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 2, 2023. The company is expected to report EPS of $67.85, up 27.95% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $7.23 billion, indicating a 19.47% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $143.79 per share and revenue of $21.08 billion, which would represent changes of +44.03% and +23.36%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Booking Holdings. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 moved 0.34% lower. As of now, Booking Holdings holds a Zacks Rank of #4 (Sell).
In the context of valuation, Booking Holdings is at present trading with a Forward P/E ratio of 19.61. This valuation marks a premium compared to its industry's average Forward P/E of 19.23.
Meanwhile, BKNG's PEG ratio is currently 0.88. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Internet - Commerce industry had an average PEG ratio of 0.71.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 94, finds itself in the top 38% echelons 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.