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Priceline Seen Flying Through Second-Quarter Turbulence

When Priceline Group ( PCLN) reports second-quarter results after the markets close on Thursday, the travel site will likely see near-term headwinds coming into play. But investors should remember the long-term catalysts for the stock, analysts said.

On average, analysts are expecting revenue of $2.58 billion and $12.69 of earnings per share. Priceline posted $2.28 billion in revenue and $12.45 in EPS over the corresponding period a year ago. Ahead of the earnings, shares were down 1.2% Thursday morning to $1,3574.

While analysts' estimates are attainable, they aren't likely beatable due to risks related to Britain's vote to leave the European Union, as well as the ongoing CEO transition, wrote RBC Capital analyst Mark Mahaney in a note this week.

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Priceline CEO Darren...