Why Booking Holdings (BKNG) Dipped More Than Broader Market Today

Company Performance - Booking Holdings (BKNG) closed at $4,764.89, reflecting a -1.11% change from the previous day's closing price, underperforming the S&P 500's daily loss of 0.29% [1] - Over the past month, shares of Booking Holdings have decreased by 5.45%, contrasting with the Retail-Wholesale sector's gain of 3.53% and the S&P 500's gain of 2.52% [1] Upcoming Earnings - The earnings report for Booking Holdings is scheduled for February 20, 2025, with projected earnings per share (EPS) of $35.71, indicating an 11.59% increase year-over-year [2] - Revenue is expected to reach $5.2 billion, reflecting an 8.65% increase compared to the same quarter last year [2] Analyst Projections - Recent shifts in analyst projections for Booking Holdings are important for investors, as positive estimate revisions can signal a favorable business outlook [3] - The Zacks Rank system, which incorporates these estimate changes, provides actionable ratings for investors [4] Zacks Rank and Performance - The Zacks Rank system ranges from 1 (Strong Buy) to 5 (Strong Sell), with 1 stocks historically delivering an average annual return of +25% since 1988 [5] - Currently, Booking Holdings has a Zacks Rank of 3 (Hold), with the consensus EPS estimate having shifted 0.27% downward over the past month [5] Valuation Metrics - Booking Holdings is trading at a Forward P/E ratio of 22.96, which is above the industry's average Forward P/E of 21.84 [6] - The company has a PEG ratio of 1.64, compared to the Internet - Commerce industry's average PEG ratio of 1.17 [6] Industry Overview - The Internet - Commerce industry, part of the Retail-Wholesale sector, holds a Zacks Industry Rank of 68, placing it in the top 28% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]