Booking Holdings (BKNG) Up 12.9% Since Last Earnings Report: Can It Continue?

Like
1
Favorite

Booking Holdings (BKNG) Up 12.9% Since Last Earnings Report: Can It Continue?

Zacks2022-12-03

A month has gone by since the last earnings report for Booking Holdings (BKNG). Shares have added about 12.9% in that time frame, outperforming the S&P 500. Will the recent positive trend continue ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（1）

bkash
·2022-12-08
bkash
Reply
Like
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2288253993?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/Tw87WEC1wh0JNb8.IBuFMA--~B/aD02MDA7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/03fca48475577988aa4e0db94f484b4e","is_english":true,"pubTime":"2022-12-03 00:31","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2288253993","market":"us","top_or_hot":-1,"title":"Booking Holdings (BKNG) Up 12.9% Since Last Earnings Report: Can It Continue?","media":"Zacks","content":"<div>\n<p>A month has gone by since the last earnings report for Booking Holdings (BKNG). Shares have added about 12.9% in that time frame, outperforming the S&P 500.\nWill the recent positive trend continue ...</p>\n\n<a href=\"https://finance.yahoo.com/news/booking-holdings-bkng-12-9-163104196.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>Booking Holdings (BKNG) Up 12.9% Since Last Earnings Report: Can It Continue?</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\">\nBooking Holdings (BKNG) Up 12.9% Since Last Earnings Report: Can It Continue?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-03 00:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/booking-holdings-bkng-12-9-163104196.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A month has gone by since the last earnings report for Booking Holdings (BKNG). Shares have added about 12.9% in that time frame, outperforming the S&P 500.\nWill the recent positive trend continue ...</p>\n\n<a href=\"https://finance.yahoo.com/news/booking-holdings-bkng-12-9-163104196.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":"ABNB","symbol_name":"爱彼迎","start_time":0,"source_url":"https://finance.yahoo.com/news/booking-holdings-bkng-12-9-163104196.html","article_id":"2288253993","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/Tw87WEC1wh0JNb8.IBuFMA--~B/aD02MDA7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/03fca48475577988aa4e0db94f484b4e"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2288253993","pubTimestamp":1669998664,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"A month has gone by since the last earnings report for Booking Holdings (BKNG). Shares have added ab","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"ABNB":"爱彼迎","BKNG":"Booking Holdings","AMZN":"亚马逊"},"translate_title":"自上一份收益报告以来，Booking Holdings上涨了12.9%：这种情况还能持续下去吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ABNB":1,"BKNG":1,"AMZN":0.9},"content_text":"A month has gone by since the last earnings report for Booking Holdings (BKNG). Shares have added about 12.9% in that time frame, outperforming the S&P 500.\nWill the recent positive trend continue leading up to its next earnings release, or is Booking Holdings due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. \nBooking Holdings Q3 Earnings Beat Estimates\nBooking Holdings reported non-GAAP earnings of $53.03 per share for third-quarter 2022, beating the Zacks Consensus Estimate by 7.3%. Further, the figure increased 41% from the year-ago quarter’s level.\nRevenues of $6.05 billion surpassed the Zacks Consensus Estimate of $5.91 billion. The top line improved 29% year over year on a reported basis and 47% on a constant-currency (cc) basis.\nImproving travel demand and booking trends from the year-ago quarter were tailwinds.\nBooking Holdings witnessed growth of 24.9% in rental car on a year-over-year basis. BKNG also experienced 45.1% year-over-year growth in the airline tickets unit in the reported quarter.\nBooked room night number, amounting to 240 million in the third quarter, surged 31.5% from the prior-year quarter’s level.\nBooking Holdings witnessed strong growth across its agency, merchant, and advertising and other businesses in the reported quarter.\nHowever, headwinds related to the coronavirus pandemic and macroeconomic uncertainties remain overhangs for BKNG.\nTop Line in Detail\nBooking Holdings generates the bulk of revenues from international markets, wherein the agency model is more popular. This is reflected in the merchant/agency split of revenues, which was 43.2/52.9% in the third quarter (the previous quarter’s split was 41/54%)\nAgency revenues were $3.2 billion, up 11.7% year over year. Merchant revenues were $2.6 billion, up 61.2% on a year-over-year basis.\nAdvertising & Other revenues were $235 million (3.9% of total revenues), increasing significantly from $25.7 million in the year-ago quarter.\nBookings\nBooking Holdings’ overall gross bookings totaled $32.12 billion, which increased 35.6% on a reported and 52% on a cc basis from the year-ago quarter’s respective readings.\nTotal gross bookings surpassed the Zacks Consensus Estimate of $30.14 billion.\nMerchant bookings were $14.51 billion, up 64.6% from the prior-year quarter’s level.\nAgency bookings were $17.6 billion, rising 18.4% from the prior-year quarter’s level.\nOperating Results\nAdjusted EBITDA in the reported quarter was $2.7 billion, which improved 25.9% year over year.\nAdjusted EBITDA margin was 43.9%, which contracted 120 basis points (bps) from the prior-year quarter’s level.\nPer management, operating expenses were $3.5 billion, up 30.4% on a year-over-year basis. As a percentage of revenues, the figure expanded 40 bps from the year-ago quarter’s tally.\nBooking Holdings generated an operating margin of 42.7%, which contracted 40 bps year over year.\nBalance Sheet\nAs of Sep 30, 2022, cash and cash equivalents were $9.02 billion, down from $11.8 billion as of Jun 30, 2022. Short-term investments were $116 million at the end of the quarter.\nAccount receivable amounted to $2.3 billion in the reported quarter compared with $2.2 billion in the previous quarter.\nAt the end of the third quarter, Booking Holdings had $7.9 billion of long-term debt compared with $8.2 billion at the end of the second quarter.\nHow Have Estimates Been Moving Since Then?\nIt turns out, estimates revision have trended downward during the past month.\nThe consensus estimate has shifted -10.37% due to these changes.\nVGM Scores\nCurrently, Booking Holdings has a strong Growth Score of A, though it is lagging a lot on the Momentum Score front with a D. Charting a somewhat similar path, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy.\nOverall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.\nOutlook\nEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Booking Holdings has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.\nPerformance of an Industry Player\nBooking Holdings is part of the Zacks Internet - Commerce industry. Over the past month, Amazon (AMZN), a stock from the same industry, has gained 6.9%. The company reported its results for the quarter ended September 2022 more than a month ago.\nAmazon reported revenues of $127.1 billion in the last reported quarter, representing a year-over-year change of +14.7%. EPS of $0.20 for the same period compares with $0.31 a year ago.\nFor the current quarter, Amazon is expected to post earnings of $0.23 per share, indicating a change of -83.5% from the year-ago quarter. The Zacks Consensus Estimate has changed -8.6% over the last 30 days.\nAmazon has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of D.\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\nBooking Holdings Inc. (BKNG) : Free Stock Analysis Report\nAmazon.com, Inc. (AMZN) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","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":[{"id":9920135203,"gmtCreate":1670455297702,"gmtModify":1676538369861,"author":{"id":"4133039561798122","authorId":"4133039561798122","name":"bkash","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4133039561798122","authorIdStr":"4133039561798122"},"htmlText":"bkash&nbsp;","listText":"bkash&nbsp;","text":"bkash","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9920135203","repostId":2288253993,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":0,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}