Booking Holdings(BKNG)

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Strong Booking Trends Aid Carnival (CCL) Amid High Costs
ZACKS· 2024-06-28 17:55
Carnival Corporation & plc (CCL) is benefiting from the solid booked position for the remainder of the year, with significantly higher pricing and occupancy. Also, the focus on marketing campaigns, fleet-optimization efforts and fleet expansion initiatives bode well. Image Source: Zacks Investment Research Strong Booking Trends: The company benefited from a solid booking trend. The company reported strong booking momentum for 2025, with record volumes surpassing 2024 levels in price and occupancy., the comp ...
Booking Holdings (BKNG) to Aid SMB Travelers With KAYAK Upgrade
ZACKS· 2024-06-28 16:40
KAYAK for Business now offers full trip management, seamless group bookings and 24/7 travel agent support at a flat fee of $20 per trip. BKNG's Strong Portfolio Drives Prospects Priceline's addition of a slew of generative AI-powered features to its Trip Intelligence suite, facilitating the trip planning and booking process for travelers to save time, remains noteworthy. A strong product portfolio will continue to help this Zacks Rank #3 (Hold) company enjoy a competitive advantage against its peers, namely ...
Booking Holdings (BKNG) Beats Stock Market Upswing: What Investors Need to Know
ZACKS· 2024-06-27 23:06
Earnings and Revenue Projections - The Zacks Consensus Estimates predict earnings of $178.54 per share and revenue of $23.09 billion for the fiscal year, indicating year-over-year changes of +17.29% and +8.05%, respectively [1] - For the upcoming quarter, the company's EPS is projected to be $39.22, reflecting a 4.25% increase from the same quarter last year, while revenue is expected to reach $5.78 billion, a 5.76% escalation compared to the year-ago quarter [10] Stock Performance and Valuation - Booking Holdings' stock closed at $4,009.40, reflecting a +0.68% shift from the previous trading day, outperforming the S&P 500 (+0.09%), Dow (+0.09%), and Nasdaq (+0.3%) [3] - The company's shares have increased by 6.64% over the last month, surpassing the Retail-Wholesale sector's gain of 1.99% and the S&P 500's gain of 3.38% [6] - The company is currently trading at a Forward P/E ratio of 22.31, which is a premium compared to its industry's average Forward P/E of 21.37 [11] Industry and Sector Analysis - The Internet - Commerce industry, part of the Retail-Wholesale sector, holds a Zacks Industry Rank of 74, positioning it in the top 30% of all 250+ industries [9] - The industry's average PEG ratio is 0.95, while Booking Holdings' PEG ratio is currently 1.19 [2] Analyst Estimates and Rankings - The Zacks Consensus EPS estimate for Booking Holdings has remained unchanged over the last 30 days, and the company currently holds a Zacks Rank of 3 (Hold) [7] - The Zacks Rank system has a notable track record, with 1-rated stocks producing an average annual return of +25% since 1988 [7] - The top 50% of industries ranked by Zacks outperform the bottom half by a factor of 2 to 1 [5]
KAYAK for Business Upgrades its Offering for Small & Mid-Size Business'
Prnewswire· 2024-06-27 16:00
Work trips are an essential business function (according to 57% of American business travelers*) but challenges persist. When it comes to managing travel plans, business travelers spend about 3 working days a year planning business trips*, due to admin struggles. To provide solutions that streamline the business travel experience for both business travelers and employers alike, KAYAK for Business now includes: Guest & Group Booking. Get hands-on support for setting up a business travel account, including sp ...
Top Cruise Liner Soars Amid Strong Earnings, Durable Booking Demand
ZACKS· 2024-06-25 19:25
For the second time this year, Carnival raised its annual profit forecast. The company now expects adjusted net income of $1.55 billion, marking an increase of $275 million. While revenue growth continued to slow, Carnival stated that sales hit a record in the second quarter. Revenues grew nearly 18% year-over-year and totaled $5.8 billion, edging past the $5.7 billion estimate. Historical research studies suggest that approximately half of a stock's price appreciation is due to its industry grouping. In fa ...
Should You Invest in Booking Holdings (BKNG) Based on Bullish Wall Street Views?
ZACKS· 2024-06-24 14:35
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Let's take a look at what these Wall Street heavyweights have to say about Booking Holdings (BKNG) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Of the 33 recommendations that de ...
3 Travel Stocks to Buy Now: June 2024
Investor Place· 2024-06-23 20:00
River cruises, once considered an activity primarily for older travelers, are having a renaissance. Young social media influencers are touting the benefits of traveling across places like Europe via its rivers. It's convenient and cost-effective. Plus, it allows passengers to see a diverse range of cities across the region while only unpacking once. Viking Holdings (VIK) Booking Holdings (BKNG) First quarter 2024 results were promising for Booking Holdings. Travelers booked over 300 million room nights in t ...
Love Stock Splits? This $100 Billion Company Says You Aren't the Investor It's Looking For.
The Motley Fool· 2024-06-23 16:23
Top companies are focused on the things that create shareholder value, and they want their investors to focus on those things as well. In a recent interview with Barron's, Fogel was asked why Booking hasn't split its stock yet considering some people think it's too expensive at close to $4,000 per share. A stock split would lower the price per share and increase the share count. Fogel responded by saying, "I don't think I want that kind of investor." A 2023 paper from the Journal of Risk and Financial Manag ...
Booking Holdings (BKNG) Rises As Market Takes a Dip: Key Facts
ZACKS· 2024-06-21 23:05
Investors should also note that BKNG has a PEG ratio of 1.19 right now. 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 Internet - Commerce industry currently had an average PEG ratio of 0.95 as of yesterday's close. Heading into today, shares of the online booking service had gained 5.85% over the past month, outpacing the Retail-Wholesale sector's gain of 1% and the S&P 500's gain of 3.15% in that time. Bookin ...
Investors Heavily Search Booking Holdings Inc. (BKNG): Here is What You Need to Know
ZACKS· 2024-06-20 14:00
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. For the current fiscal year, the consensus earnings estimate of $178.54 points to a change of +17.3% from the prior year. Over the last 30 days, this estimate has remained unchanged. The chart below shows the evolution of the company's forward 12-month ...