Barclays Maintains an 'Overweight' on priceline.com (PCLN); Q4 Preview
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Price: $1,905.64 --0%
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Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
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Barclays maintains an 'Overweight' on priceline.com (NASDAQ: PCLN) price target of $600.00.
Analyst, Anthony J. DiClemente, said, "Priceline reports 4Q11 earnings on Monday, February 27th, after the market close, and we expect results to be ahead of ours and Street estimates, despite a small FX headwind, on still solid leisure demand in Europe and North America, strong execution at Booking.com, and continued share gains in APAC and LatAm."
"We project 4Q total gross bookings of $4.67B (+43% Y/Y), revenue of $959M (+31% Y/Y), EBITDA of $323M (+45%, 46.4% margin on gross profits) and PF EPS of $4.98. This compares with consensus revenue of $968M, EBITDA of $326M, and PF EPS of $5.05."
For an analyst ratings summary and ratings history on priceline.com click here. For more ratings news on priceline.com click here.
Shares of priceline.com closed at $587.40 yesterday.
Analyst, Anthony J. DiClemente, said, "Priceline reports 4Q11 earnings on Monday, February 27th, after the market close, and we expect results to be ahead of ours and Street estimates, despite a small FX headwind, on still solid leisure demand in Europe and North America, strong execution at Booking.com, and continued share gains in APAC and LatAm."
"We project 4Q total gross bookings of $4.67B (+43% Y/Y), revenue of $959M (+31% Y/Y), EBITDA of $323M (+45%, 46.4% margin on gross profits) and PF EPS of $4.98. This compares with consensus revenue of $968M, EBITDA of $326M, and PF EPS of $5.05."
For an analyst ratings summary and ratings history on priceline.com click here. For more ratings news on priceline.com click here.
Shares of priceline.com closed at $587.40 yesterday.
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