Picture of Booking Holdings logo

BKNG Booking Holdings News Story

0.000.00%
us flag iconLast trade - 00:00
Consumer CyclicalsBalancedLarge CapNeutral

Online travel agency Booking Holdings' Q3 revenue beats estimates on higher gross bookings

Overview

Booking Holdings Q3 revenue hits $9 bln, beating analyst expectations

Adjusted EPS for Q3 at $99.5, surpassing consensus estimates

Net income for Q3 was $2.7 bln, no analyst estimates provided

Outlook

Company did not provide specific future guidance in its press release

Result Drivers

ROOM NIGHTS INCREASE - Co reports room nights booked rose 7% from prior-year qtr

GROSS TRAVEL BOOKINGS - Gross travel bookings increased 4% from prior-year qtr, contributing to revenue growth

STRATEGIC INITIATIVES - CEO Glenn Fogel mentions focus on strategic initiatives and cost efficiency

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 RevenueBeat$9 bln$8.71 bln (31 Analysts)
Q3 Adjusted EPSBeat$99.50$95.65 (23 Analysts)
Q3 EPS$84.41
Q3 Net Income$2.70 bln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 28 "strong buy" or "buy", 13 "hold" and no "sell" or "strong sell" The average consensus recommendation for the leisure & recreation peer group is "buy" Wall Street's median 12-month price target for Booking Holdings Inc is $6,100.00, about 13.9% above its October 27 closing price of $5,254.40 The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 25 three months ago For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Recent news on Booking Holdings

See all news