Booking (NASDAQ:BKNG) Announces Quarterly Earnings Results, Beats Estimates By $5.73 EPS

Booking (NASDAQ:BKNG) released its quarterly earnings data on Thursday. The business services provider reported $41.55 EPS for the quarter, topping the consensus estimate of $35.82 by $5.73, Zacks reports. The company had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.18 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.60%. Booking updated its Q1 2025 guidance to EPS and its FY 2025 guidance to 215.170-215.170 EPS.

Booking Trading Down 0.6 %

BKNG stock opened at $4,989.22 on Friday. Booking has a 12-month low of $3,180.00 and a 12-month high of $5,337.24. The firm’s 50-day moving average price is $4,903.34 and its two-hundred day moving average price is $4,551.96. The stock has a market capitalization of $165.14 billion, a price-to-earnings ratio of 28.83, a PEG ratio of 1.74 and a beta of 1.39.

Analyst Ratings Changes

Several research analysts have commented on the stock. Wedbush raised their price target on shares of Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a report on Monday, January 6th. Wells Fargo & Company raised their price target on shares of Booking from $4,470.00 to $5,248.00 and gave the company an “equal weight” rating in a report on Friday. Citigroup raised their price target on shares of Booking from $5,500.00 to $5,800.00 and gave the company a “buy” rating in a report on Friday. Bank of America raised their price target on shares of Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Finally, Cfra raised shares of Booking from a “hold” rating to a “buy” rating in a report on Tuesday. Nine investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $5,370.43.

About Booking

Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.