Priceline Group Inc (PCLN) Releases Q3 Earnings Guidance
Priceline Group Inc (NASDAQ:PCLN) updated its third quarter earnings guidance on Monday. The company provided EPS guidance of $19.60-21.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $21.35, American Banking & Market News reports. The company issued revenue guidance of +15-25% to ~$2.61-2.84 billion, compared to the consensus revenue estimate of $2.81 billion.
Several analysts have recently commented on the stock. Analysts at RBC Capital reiterated an outperform rating on shares of Priceline Group in a research note on Monday. On a related note, analysts at Oppenheimer initiated coverage on shares of Priceline Group in a research note on Monday, June 30th. They set an outperform rating and a $1,450.00 price target on the stock. Finally, analysts at Buckingham Research initiated coverage on shares of Priceline Group in a research note on Friday, June 27th. They set a neutral rating on the stock. Three investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $1,406.39.
Priceline Group Inc (NASDAQ:PCLN) traded up 2.16% during mid-day trading on Monday, hitting $1309.28. The stock had a trading volume of 2,053,262 shares. Priceline Group Inc has a 52 week low of $928.80 and a 52 week high of $1378.96. The stock’s 50-day moving average is $1238. and its 200-day moving average is $1227.. The company has a market cap of $68.648 billion and a P/E ratio of 34.20.
Priceline Group (NASDAQ:PCLN) last released its earnings data on Monday, August 11th. The company reported $12.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.02 by $0.49. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter in the previous year, the company posted $9.70 earnings per share. The company’s revenue for the quarter was up 26.4% on a year-over-year basis. Analysts expect that Priceline Group Inc will post $52.36 EPS for the current fiscal year.
Priceline Group Inc, formerly Priceline Com Incorporated, is an online travel company that offers its customers hotel room reservations at over 295,000 hotels worldwide through the Booking.
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