Booking Holdings Fourth-Quarter Results
Net Income Expectations
Booking Holdings is expected to report a profit of $1.02 billion in the fourth quarter, a decrease from $1.24 billion in the previous year, based on the consensus of 19 analysts.
Revenue Forecast
The online travel company is projected to see an increase in revenue to $4.71 billion from $4.05 billion in the same period a year ago, according to 26 analysts.
Adjusted Earnings Prediction
After excluding certain one-time items, Booking is anticipated to achieve a per-share profit of $29.72, as per 26 analysts.
Market Performance
Booking shares experienced a 15% growth in the fourth quarter and were recently trading around $3,712.
What to Keep an Eye On
Operating Performance
- Booking Holdings' gross travel bookings demonstrated significant growth in the third quarter, with a 24% increase year over year. Analysts suggest the company may experience a slowdown in the fourth quarter and beyond, triggering questions about its long-term growth targets.
Travel Industry Outlook
- Although travel companies, such as Booking, have seen a resurgence in vacation and business travel post-pandemic, industry experts believe that the recovery phase is tapering off. Challenges lie ahead as demand signals in air travel and hotel industries remain ambiguous. Booking's insights may shed light on the anticipated trends in travel demand post-pandemic.
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