We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Wall Street's Insights Into Key Metrics Ahead of Booking Holdings (BKNG) Q3 Earnings
Read MoreHide Full Article
Analysts on Wall Street project that Booking Holdings (BKNG - Free Report) will announce quarterly earnings of $77.80 per share in its forthcoming report, representing an increase of 7.6% year over year. Revenues are projected to reach $7.63 billion, increasing 3.9% from the same quarter last year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.6% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Booking Holdings metrics that are commonly monitored and projected by Wall Street analysts.
Analysts predict that the 'Revenues- Agency' will reach $2.78 billion. The estimate indicates a year-over-year change of -11.3%.
It is projected by analysts that the 'Revenues- Advertising and Other Revenues' will reach $269.69 million. The estimate indicates a year-over-year change of +3.3%.
The combined assessment of analysts suggests that 'Revenues- Merchant' will likely reach $4.57 billion. The estimate indicates a year-over-year change of +15.8%.
Analysts' assessment points toward 'Gross Bookings - Total' reaching $41.44 billion. Compared to the present estimate, the company reported $39.81 billion in the same quarter last year.
Analysts forecast 'Gross Bookings - Agency' to reach $15.68 billion. Compared to the present estimate, the company reported $17.54 billion in the same quarter last year.
The average prediction of analysts places 'Gross Bookings - Merchant' at $25.71 billion. The estimate is in contrast to the year-ago figure of $22.27 billion.
The consensus estimate for 'Units Sold - Room Nights' stands at 289.60 million. The estimate is in contrast to the year-ago figure of 276 million.
The collective assessment of analysts points to an estimated 'Units Sold - Airline Tickets' of 11.35 million. The estimate is in contrast to the year-ago figure of 9 million.
Analysts expect 'Units Sold - Rental Car Days' to come in at 21.97 million. The estimate compares to the year-ago value of 20 million.
Shares of Booking Holdings have demonstrated returns of +1.6% over the past month compared to the Zacks S&P 500 composite's +1.4% change. With a Zacks Rank #3 (Hold), BKNG is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Wall Street's Insights Into Key Metrics Ahead of Booking Holdings (BKNG) Q3 Earnings
Analysts on Wall Street project that Booking Holdings (BKNG - Free Report) will announce quarterly earnings of $77.80 per share in its forthcoming report, representing an increase of 7.6% year over year. Revenues are projected to reach $7.63 billion, increasing 3.9% from the same quarter last year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.6% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Booking Holdings metrics that are commonly monitored and projected by Wall Street analysts.
Analysts predict that the 'Revenues- Agency' will reach $2.78 billion. The estimate indicates a year-over-year change of -11.3%.
It is projected by analysts that the 'Revenues- Advertising and Other Revenues' will reach $269.69 million. The estimate indicates a year-over-year change of +3.3%.
The combined assessment of analysts suggests that 'Revenues- Merchant' will likely reach $4.57 billion. The estimate indicates a year-over-year change of +15.8%.
Analysts' assessment points toward 'Gross Bookings - Total' reaching $41.44 billion. Compared to the present estimate, the company reported $39.81 billion in the same quarter last year.
Analysts forecast 'Gross Bookings - Agency' to reach $15.68 billion. Compared to the present estimate, the company reported $17.54 billion in the same quarter last year.
The average prediction of analysts places 'Gross Bookings - Merchant' at $25.71 billion. The estimate is in contrast to the year-ago figure of $22.27 billion.
The consensus estimate for 'Units Sold - Room Nights' stands at 289.60 million. The estimate is in contrast to the year-ago figure of 276 million.
The collective assessment of analysts points to an estimated 'Units Sold - Airline Tickets' of 11.35 million. The estimate is in contrast to the year-ago figure of 9 million.
Analysts expect 'Units Sold - Rental Car Days' to come in at 21.97 million. The estimate compares to the year-ago value of 20 million.
View all Key Company Metrics for Booking Holdings here>>>
Shares of Booking Holdings have demonstrated returns of +1.6% over the past month compared to the Zacks S&P 500 composite's +1.4% change. With a Zacks Rank #3 (Hold), BKNG is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>