Exploring Analyst Estimates for Booking Holdings (BKNG) Q1 Earnings, Beyond Revenue and EPS

Zacks
24 Apr

Wall Street analysts expect Booking Holdings (BKNG) to post quarterly earnings of $17.22 per share in its upcoming report, which indicates a year-over-year decline of 15.6%. Revenues are expected to be $4.59 billion, up 4% from the year-ago quarter.

Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 2.9% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.

Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.

While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.

Given this perspective, it's time to examine the average forecasts of specific Booking Holdings metrics that are routinely monitored and predicted by Wall Street analysts.

The collective assessment of analysts points to an estimated 'Revenues- Agency' of $1.59 billion. The estimate points to a change of -9.7% from the year-ago quarter.

Analysts predict that the 'Revenues- Advertising and Other Revenues' will reach $275.31 million. The estimate suggests a change of +4.3% year over year.

Analysts' assessment points toward 'Revenues- Merchant' reaching $2.72 billion. The estimate suggests a change of +13.8% year over year.

Analysts expect 'Gross Bookings - Total' to come in at $46.38 billion. The estimate is in contrast to the year-ago figure of $43.50 billion.

According to the collective judgment of analysts, 'Gross Bookings - Agency' should come in at $16.38 billion. Compared to the present estimate, the company reported $17.80 billion in the same quarter last year.

The combined assessment of analysts suggests that 'Gross Bookings - Merchant' will likely reach $30.00 billion. Compared to the present estimate, the company reported $25.80 billion in the same quarter last year.

Based on the collective assessment of analysts, 'Units Sold - Room Nights' should arrive at 317.84 million. The estimate is in contrast to the year-ago figure of 297 million.

The consensus among analysts is that 'Units Sold - Airline Tickets' will reach 13.23 million. The estimate compares to the year-ago value of 11 million.

The consensus estimate for 'Units Sold - Rental Car Days' stands at 22.89 million. The estimate compares to the year-ago value of 21 million.

View all Key Company Metrics for Booking Holdings here>>>

Booking Holdings shares have witnessed a change of -0.7% in the past month, in contrast to the Zacks S&P 500 composite's -5.1% move. With a Zacks Rank #3 (Hold), BKNG is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

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This article originally published on Zacks Investment Research (zacks.com).

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