Actionable news
0
All posts from Actionable news
Actionable news in PCLN: priceline.com Incorporated,

Priceline May Be Able to Name a Higher Stock Price on Wednesday

0

For Priceline Group (PCLN - Get Report) , there's more upside than downside, especially if constant currency bookings come in strong during its first quarter.

When the reservation services company reports earnings before the markets open on Wednesday, the key metrics will be constant currency bookings growth and revenue margin for its travel agency Booking.com business, said Morningstar analyst Dan Wasiolek via phone.

Wall Street is expecting first-quarter revenue of $2.12 billion, earnings per share of $9.64 and Ebitda of $622 million for Priceline.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks with serious upside potential in the next 12-months. Learn more.

Shares of Priceline are down about 0.5% near the close of trading Tuesday to $1,350.39 apiece.

Wasiolek said the strength in the euro versus the dollar could result in a slight tailwind and potentially lift the stock, since Priceline generates most of its business overseas. Agency revenue margin, which largely entails Booking.com, has been relatively stable and would raise a red flag if it started to...


More