Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Booking Holdings Inc    BKNG

BOOKING HOLDINGS INC (BKNG)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweets

Booking : Slides on Outlook Cut -- WSJ

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/10/2018 | 08:48am CEST

By Aisha Al-Muslim

This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (August 10, 2018).

Shares of Booking Holdings Inc. fell in pre-market trading Thursday after the travel company delayed the release of its second-quarter results by half a day and provided a lower-than-expected outlook for the current quarter.

The online travel company, with brands such as Booking.com, priceline.com, Rentalcars.com and OpenTable, said it expects adjusted earnings per share of $36.70 to $37.70 in the third quarter, compared with estimates of $39.79 a share analysts polled by Thomson Reuters were looking for. It also guided for year-over-year revenue growth of 6% to 9%.

The company posted second-quarter earnings growth Thursday morning after delaying the release from Wednesday afternoon. Shortly after the market closed Wednesday, the company said that although its financial results were finalized, it was "confirming certain business metrics" that are reported quarterly. Some of those metrics include room nights booked and total gross travel bookings.

Shares of Booking, up 7.3% in the past year, fell 7.4% in premarket trading Thursday.

Booking Holdings adopted a new revenue accounting standard in January. The switch changed when the company recognizes revenue from check-out to check-in. The company also no longer presents cost of revenues or gross profit.

The Norwalk, Conn.-based company said revenue for the second quarter rose 20% to $3.5 billion, ahead of the consensus forecast of $3.44 billion. Under the new accounting standard, the year-over-year growth rates for 2018 compare total revenues in 2018 to gross profit of $3 billion in 2017.

The company estimates that total revenues recognized at check-in will be about 1% lower in the third quarter and about 5% higher in the fourth quarter, when compared with the same quarters if revenues were recognized at check-out.

Net bookings for the second quarter equaled $23.9 billion, a 15% increase, and on par with analysts' expectations.

Under the new standard, room nights booked rose 12%, compared with a 21% rise a year earlier. Total gross travel bookings rose 14.9%, compared with a 16.4% increase a year ago.

Net income for the second quarter was $977.4 million, or $20.13 a share, compared with $720.2 million, or $14.39 a share, for the same quarter a year earlier. Adjusted earnings were $20.67 a share, beating the $17.34 a share analysts polled by Thomson Reuters were looking for.

Write to Aisha Al-Muslim at aisha.al-muslim@wsj.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BOOKING HOLDINGS INC
10/18BOOKING.COM : Reveals Eight Travel Predictions for 2019
PR
10/17BOOKING.COM : to Offer Positively Chilling Overnight Accommodations at The San F..
PR
10/17OPENTABLE : Pilots Centralized Reservations for Hospitality Groups on GuestCente..
PR
10/10BOOKING HOLDINGS : to Webcast Third Quarter 2018 Financial Results on November 5
PR
10/10BOOKING.COM : Research Points to a Positive Outlook for Women Working in Tech, D..
PR
10/02BOOKING.COM : Champions Unforgettable Travel Experiences With Second Annual #Boo..
PR
09/28ANNOUNCING OPENSEAT : Virginia Tourism Corp. and OpenTable Partner on New Dining..
AQ
09/27ANNOUNCING OPENSEAT : Virginia Tourism Corp. and OpenTable Partner on New Dining..
PR
09/26BOOKING : AIR FRANCE AND BOOKING.COM ANNOUNCE NEW PARTNERSHIP; New agreement alr..
AQ
09/24HOME IS WHERE THE 'HART' IS : Booking.com Unveils Kevin Hart's Tiny House With B..
PU
More news
News from SeekingAlpha
10/19Value Or Growth? Both! 
10/17WEDGEWOOD PARTNERS Q3 2018 CLIENT LE : Anatomy Of A Bull Market 
10/15Online travel companies initiated at Evercore, with Expedia as top pick 
10/15A Rough Industry Structure For Hotel Owners 
10/08Value Hunting Overseas Continued 
Financials ($)
Sales 2018 14 396 M
EBIT 2018 5 555 M
Net income 2018 4 214 M
Finance 2018 1 176 M
Yield 2018 -
P/E ratio 2018 20,95
P/E ratio 2019 18,67
EV / Sales 2018 5,89x
EV / Sales 2019 5,13x
Capitalization 86 006 M
Chart BOOKING HOLDINGS INC
Duration : Period :
Booking Holdings Inc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BOOKING HOLDINGS INC
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 34
Average target price 2 163 $
Spread / Average Target 19%
EPS Revisions
Managers
NameTitle
Glenn D. Fogel President, Chief Executive Officer & Director
Jeffery H. Boyd Executive Chairman
David Ian Goulden Chief Financial Officer & Executive Vice President
Nancy B. Peretsman Independent Director
Jeff E. Epstein Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
BOOKING HOLDINGS INC4.23%86 006
CTRIP.COM INTERNATIONAL-17.98%17 863
EXPEDIA GROUP INC-1.02%17 701
CHINA INT'L TRAVEL SERVICE CORP46.35%14 610
TRIPADVISOR30.59%6 379
FLIGHT CENTRE TRAVEL GROUP LTD13.81%3 777