Can BKNG's Solid Q3 Beat and Robust View Push the Stock Higher?

Zacks11-01

Booking Holdings BKNG reported third-quarter 2024 earnings of $83.89 per share, beating the Zacks Consensus Estimate by 7.63%. The figure surged 16% year over year.BKNG’s earnings beat the Zacks ...

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The figure surged 16% year over year.BKNG’s earnings beat the Zacks ...</p>\n\n<a href=\"https://finance.yahoo.com/news/bkngs-solid-q3-beat-robust-172700329.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Can BKNG's Solid Q3 Beat and Robust View Push the Stock Higher?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCan BKNG's Solid Q3 Beat and Robust View Push the Stock Higher?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-01 01:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/bkngs-solid-q3-beat-robust-172700329.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Booking Holdings BKNG reported third-quarter 2024 earnings of $83.89 per share, beating the Zacks Consensus Estimate by 7.63%. The figure surged 16% year over year.BKNG’s earnings beat the Zacks ...</p>\n\n<a href=\"https://finance.yahoo.com/news/bkngs-solid-q3-beat-robust-172700329.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4566","symbol_name":"资本集团","start_time":0,"source_url":"https://finance.yahoo.com/news/bkngs-solid-q3-beat-robust-172700329.html","article_id":"2480050309","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/WQMSjVK781u1IxZN3r3D1A--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/f396b30144b9480615506b72366841f0"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2480050309","pubTimestamp":1730395620,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Booking Holdings BKNG reported third-quarter 2024 earnings of $83.89 per share, beating the Zacks Consensus Estimate by 7.63%. The figure surged 16% year over year.BKNG’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 16.75%.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Revenues of $7.994 billion beat the Zacks Consensus Estimate by 4.76% and increased 8.9% year over year on a reported basis and 9% on a constant currency  basis.BKNG shares were up more than 5% in pre-market trading. Booking Holdings appreciated 25.9% year to date , outperforming the Zacks Internet Commerce industry’s return of 25.1% and the broader Zacks Retail-Wholesale sector’s 19.6%.Booking Holdings Inc. Price, Consensus and EPS Surprise. Booking Holdings Inc. price-consensus-eps-surprise-chart | Booking Holdings Inc. Quote. BKNG has also outperformed its closest peers, including Expedia EXPE and TripAdvisor TRIP, but underperformed T","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4566":"资本集团","IE00B894F039.SGD":"Legg Mason ClearBridge - US Aggressive Growth A Acc SGD-H","BK4535":"淡马锡持仓","BKNG":"Booking Holdings","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","TRIP":"猫途鹰","LU0823411888.USD":"法巴消费创新基金 Cap","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD)  INC","LU1121112475.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USDHDG) ACC","BK4077":"互动媒体与服务","EXPE":"Expedia","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4588":"碎股","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0266013472.USD":"AXA WF - Framlington Longevity Economy A Cap USD","LU1043141396.HKD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (HKD) ACC","LU0868494708.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","IE00B19Z9P08.USD":"LEGG MASON CLEARBRIDGE US AGGRESSIVE GROWTH \"A\" (USD) INC","BK4561":"索罗斯持仓","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","BK4505":"高瓴资本持仓","LU1043141123.HKD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (HKD) INC 2","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","LU0426412945.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) ACC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","IE00B19Z9Z06.USD":"Legg Mason ClearBridge - US Aggressive Growth A Acc USD","BK4142":"酒店、度假村与豪华游轮","LU0426417589.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) INC","LU0994945656.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) INC 2","BK4548":"巴美列捷福持仓","TZOO":"旅游族","LU2087625088.SGD":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","ABNB":"爱彼迎","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","LU0203347892.USD":"SCHRODER ISF QEP GLOBAL ACTIVE VALLUE \"A\" (USD)  INC AV","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU0203345920.USD":"SCHRODER ISF QEP GLB ACT. 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The figure surged 16% year over year.BKNG’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 16.75%.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Revenues of $7.994 billion beat the Zacks Consensus Estimate by 4.76% and increased 8.9% year over year on a reported basis and 9% on a constant currency (cc) basis. BKNG shares were up more than 5% in pre-market trading. Booking Holdings appreciated 25.9% year to date (YTD), outperforming the Zacks Internet Commerce industry’s return of 25.1% and the broader Zacks Retail-Wholesale sector’s 19.6%. \n\nBooking Holdings Inc. Price, Consensus and EPS Surprise\n  \nBooking Holdings Inc. price-consensus-eps-surprise-chart | Booking Holdings Inc. Quote\n\nBKNG has also outperformed its closest peers, including Expedia EXPE and TripAdvisor TRIP, but underperformed Travelzoo TZOO. While Expedia and Travelzoo shares have returned 6.1% and 81.7%, respectively, TripAdvisor fell 25.1%.Steady travel demand is expected to boost Room Night Growth, driving the BKNG shares in the near term.\nBKNG’s Top Line in Detail\nMerchant revenues were $4.97 billion (62.2% of the total revenues), up 26% on a year-over-year basis.Agency revenues were $2.75 billion (34.4% of the total revenues), down 12.2% year over year.Advertising & Other revenues were $269 million (3.4% of the total revenues), up 3.1% year over year.Booking Holdings saw 16.2% growth in rental cars on a year-over-year basis and 38.7% growth in the airline tickets unit in the reported quarter.Booked room night numbers were 299 million in the third quarter, up 8% year over year and exceeded management guidance by 3%.\nBooking Holdings’ Bookings Up Y/Y on Strong Merchant Growth\nThe company’s overall gross bookings totaled $43.4 billion, up 9.1% on a reported basis and 9% on a cc basis year over year.Merchant bookings were $28.4 billion, up 27.3% year over year.Agency bookings were $15.1 billion, down 14% year over year.\nBKNG's Operating Results\nAdjusted EBITDA in the reported quarter was $1.9 million, up 11.6% year over year. Adjusted EBITDA margin was 45.8%, which expanded 110 basis points (bps) year over year.GAAP operating expenses were $4.82 billion, up 13.6% on a year-over-year basis. As a percentage of revenues, operating expenses increased 250 bps year over year to 60.2%.Adjusted Fixed Operating expenses increased 7% year over year to $1.27 billion.\nBKNG’s Balance Sheet Remains Strong\nAs of Sept. 30, 2024, the company’s cash and cash equivalents totaled $15.78 billion, down from $16.3 billion as of June 30, 2024. Booking Holdings had $16.21 billion of long-term debt, down from $13.36 billion as of June 30, 2024.Free cash flow was $2.3 billion compared with $2.4 billion reported in the previous quarter.\nBKNG Offers Strong Guidance\nFor the fourth quarter of 2024, Room Night Growth is expected between 6% and 8%. Gross Bookings Growth is expected in the 7-9% range.Fourth-quarter growth in revenues are expected between 7% and 9%. Adjusted EBITDA is expected between $1.6 billion and $1.65 billion.For 2024, Gross Bookings Growth is expected to be about 8%.For 2024, growth in revenues is expected to be just 10%. Adjusted EBITDA growth is expected between 13% and 14%. Earnings are expected to grow in the high-teens percentage rate.\nZacks Rank\nCurrently, Booking Holdings carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nExpedia Group, Inc. (EXPE) : Free Stock Analysis Report\nTripAdvisor, Inc. (TRIP) : Free Stock Analysis Report\nTravelzoo (TZOO) : Free Stock Analysis Report\nBooking Holdings Inc. (BKNG) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2480050309"}