Booking Earnings: What To Look For From BKNG

Petr Huřťák /
2023/02/22 4:24 am EST

Online travel agency Booking Holdings (NASDAQ:BKNG) will be reporting results tomorrow after market hours. Here's what to expect.

Last quarter Booking reported revenues of $6.05 billion, up 29.4% year on year, beating analyst revenue expectations by 2.25%. It was a very strong quarter for the company, with growing number of users and solid top line growth. The company reported 240 million nights booked, up 31.1% year on year.

Is Booking buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Booking's revenue to grow 30.8% year on year to $3.9 billion, slowing down from the 141% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $22.08 per share.

Booking Total Revenue

The analysts covering the company have been growing increasingly bullish about the business heading into the earnings, with revenue estimates seeing eight upwards revisions over the last thirty days. The company missed Wall St's revenue estimates twice over the last two years.

Looking at Booking's peers in the consumer internet segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Expedia delivered top-line growth of 14.9% year on year, missing analyst estimates by 3.04% and Roku reported revenues up 0.2% year on year, exceeding estimates by 8%. Expedia traded down 7.0% on the results, Roku was up 10.8%. Read our full analysis of Expedia's results here and Roku's results here.

Investors in the consumer internet segment have had steady hands going into the earnings, with the stocks down on average 0.82% over the last month. Booking is up 1.14% during the same time, and is heading into the earnings with analyst price target of $2,508.3, compared to share price of $2,429.84.

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The author has no position in any of the stocks mentioned.