Booking Holdings (BKNG) for Q1 post-earnings: what to expect


Booking Holdings Inc. bkng is scheduled to report its first quarter 2023 results on May 4.

For the first quarter, the Zacks Consensus Estimate for revenue is pegged at $3.74 billion, suggesting a 38.9% increase from the reported figure for the year-ago quarter.

The consensus mark for earnings is $10.62 per share, which reflects a jump from the year-ago quarter’s $3.90 figure. The consensus mark has increased by 1.8% over the past seven days.

Booking Holdings Inc. Value and EPS surprises

Booking Holdings Inc. price-eps-surprise , Booking Holdings Inc Quotes

key factors to consider

Booking Holdings’ first quarter performance is expected to benefit from higher customer bookings due to increased travel demand.

In addition, improving trends in room nights booked, average daily rates (ADRs) and demand for global flight products are expected to benefit the company during the quarter under review.

Additionally, BKNG’s solid momentum in its agency, merchant, advertising and other businesses contributed well to the reported quarter’s performance.

The increased investment to support the payment platform and connected trips is expected to be reflected in the upcoming results.

In addition, is constantly striving to make the platform attractive and a reliable payment intermediary between travelers and supplier partners. In addition, growing initiatives to strengthen the brand and the Genius loyalty program are expected to benefit.

The solid momentum across target groups in the quarter under discussion is likely to drive the company’s housing business.

In addition, increased investment in enhancing the mobile app platform to drive customer engagement is expected to continue to contribute significantly to the top line in the reported quarter.

However, due to macroeconomic headwinds, rising spending and stiff competition in the online travel booking space, Booking Holdings is expected to remain a concern in the coming quarters.

what our model says

Our proven model predicts earnings beat this time around for Booking Holdings. combination of a positive earning esp And Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of earning beats. You can uncover the best stocks to buy or sell before they’re reported with us IE ESP Filter.

Booking Holdings has an Earnings ESP of +14.56% and currently has a Zacks Rank #2.

Other Stocks to Consider

Here are some stocks to consider as our models suggest that they too have the right combination of elements to beat this season’s earnings.

DigitalOcean DOCN Has an Earnings ESP of +3.45% and is currently Zacks Rank #2. you can see Here’s a full list of today’s Zacks #1 ranked stocks.

DOCN is scheduled to release first quarter 2023 results on May 9. The Zacks Consensus Estimate for DOCN’s earnings is pegged at 29 cents per share, which suggests a jump of 7 cents per share over the prior-year quarter.

Bill Holdings, Inc. Bill Has an Earnings ESP of +13.02% and is currently Zacks Rank #2.

Bill Holdings is set to report third quarter fiscal 2023 results on May 4. The Zacks Consensus Estimate for Bill’s earnings is pegged at 24 cents per share. The company reported a loss of 8 cents per share in the year-ago quarter.

paypal PYPL Has an Earnings ESP of +2.15% and is currently Zacks Rank #3.

PYPL is scheduled to report first quarter 2023 results on May 8. The Zacks Consensus Estimate for PYPL’s earnings is pegged at $1.09 per share, suggesting an increase of 23.9% from the reported figure for the prior-year quarter.

Stay on top of upcoming earnings announcements with Jax Income Calendar.

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The views and opinions expressed here are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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