Booking Holdings Slips as Major US Indexes Advance
The online booking company's shares fell 1.63%, while Zacks estimates point to growth in its upcoming quarterly results.
Booking Holdings closed at $160.26, down 1.63% from the prior session. The S&P 500 gained 0.2%, while the Dow and Nasdaq each rose 0.04%.
The shares lost 18.38% over the past month, compared with a 5.49% decline in the Retail-Wholesale sector and a 0.35% drop in the S&P 500.
Zacks consensus estimates call for quarterly earnings of $4.49 per share, up 12.81% from a year earlier, and revenue of $9.57 billion, up 6.27%. The consensus earnings estimate rose 0.08% over the past month.
For the full year, Zacks estimates earnings of $10.50 per share and revenue of $29.28 billion. Those figures would be increases of 15.13% and 8.78%, respectively, from the prior year.
Booking Holdings trades at a forward price-to-earnings ratio of 15.51, versus an industry average of 15.4. Its PEG ratio, which accounts for expected earnings growth, is 1.01, compared with the industry average of 1.18.
This article was produced with the help of AI technology.
Source: Yahoo Finance
