In the latest trading session, Booking Holdings (BKNG) closed at $160.59, marking a -2.07% move from the previous day. This move lagged the S&P 500's daily loss of 1.62%. Meanwhile, the Dow experienced a drop of 1.87%, and the technology-dominated Nasdaq saw a decrease of 1.98%.
The online booking service's shares have seen an increase of 2.14% over the last month, surpassing the Retail-Wholesale sector's loss of 6.71% and the S&P 500's loss of 0.03%.
The investment community will be paying close attention to the earnings performance of Booking Holdings in its upcoming release. It is anticipated that the company will report an EPS of $2.48, marking a 11.71% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $7.19 billion, reflecting a 5.74% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $10.44 per share and a revenue of $29.4 billion, indicating changes of +14.47% and +9.23%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Booking Holdings. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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 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. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Booking Holdings is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Booking Holdings currently has a Forward P/E ratio of 15.71. This represents a discount compared to its industry average Forward P/E of 16.72.
Meanwhile, BKNG's PEG ratio is currently 0.98. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Internet - Commerce industry stood at 0.98 at the close of the market yesterday.
The Internet - Commerce industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 150, positioning it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. 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 Inc. (BKNG): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).