Latest Trading Session
Booking Holdings (BKNG) closed at $4,903.85 in the latest trading session, marking a -0.44% move from the prior day. While this change is less than the S&P 500’s daily gain of 1.26%, it’s worth noting that the Dow registered a gain of 0.8%, and the technology-centric Nasdaq increased by 1.77%.
Performance Over the Last Month
The online booking service’s shares have seen a decrease of 6.86% over the last month, not keeping up with the Retail-Wholesale sector’s loss of 1.93% and the S&P 500’s loss of 2.82%. As the market continues to fluctuate, investors will be closely monitoring the performance of Booking Holdings in its forthcoming earnings report.
Upcoming Earnings Report
The company’s upcoming EPS is projected at $35.89, signifying a 12.16% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $5.2 billion, indicating an 8.65% increase compared to the same quarter of the previous year.
Analyst Estimates
Investors should also note any recent changes to analyst estimates for Booking Holdings. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook. Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance.
The Zacks Rank System
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.
Current Zacks Rank and Estimate Movement
Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.09% lower. Booking Holdings is currently a Zacks Rank #3 (Hold).
Valuation Metrics
In the context of valuation, Booking Holdings is at present trading with a Forward P/E ratio of 23.41. This valuation marks a premium compared to its industry’s average Forward P/E of 20.88.
PEG Ratio and Industry Positioning
It’s also important to note that BKNG currently trades at a PEG ratio of 1.67. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock’s expected earnings growth rate. By the end of yesterday’s trading, the Internet – Commerce industry had an average PEG ratio of 1.21.
Industry and Sector Performance
The Internet – Commerce industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 79, positioning it in the top 32% of all 250+ industries. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Additional Resources and Recommendations
You can find more information on all of these metrics, and much more, on Zacks.com. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.
Booking Holdings Inc.: Key Metrics and Industry Positioning
| Metric | Value |
| — | — |
| Forward P/E Ratio | 23.41 |
| PEG Ratio | 1.67 |
| Zacks Rank | #3 (Hold) |
| Industry Rank | 79 |
About the Author
Zacks Investment Research is a leading provider of investment research and analysis. With over three decades of experience, we have developed a range of innovative tools and models to help investors make informed decisions.
Disclaimer
Past performance is not indicative of future results. Investing in the stock market involves risk, and there are no guarantees of returns. It’s essential to do your own research and consult with financial experts before making investment decisions.
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