On August 5, Booking Holdings rose 7.9% in regular trading, trading at $207.07/share, with turnover of $322 million. The rally was driven by the company's Q2 earnings release the prior session, which significantly exceeded Wall Street expectations, combined with multiple analyst target price upgrades.
Booking Holdings reported Q2 adjusted EPS of $2.54, beating the consensus estimate of $2.45 by 3.67% and rising 14.41% year-over-year. Revenue reached $7.35 billion versus the $7.19 billion estimate, up 8.1% YoY. Platform room nights grew 5% YoY, with gross bookings up 9%. The company guided full-year adjusted EPS growth in the low to mid-teens and raised its transformation plan annual savings target to approximately $650 million. HSBC raised its price target to $301 from $298, while UBS previously lifted its target to $266, both maintaining Buy ratings. Management noted AI initiatives continue to drive per-booking customer service costs down by double-digit percentages while maintaining high satisfaction. The CFO cautioned that Middle East-related indirect impacts on long-haul travel may persist through Q3-end.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments