Recent IPO KAYAK (KYAK) to Report after Bell; Will Results Deliver?
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Price: $40.07 --0%
Rating Summary:
0 Buy, 6 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 17 | New: 21
Rating Summary:
0 Buy, 6 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 17 | New: 21
Trade KYAK Now!
Online Travel Company, KAYAK (Nasdaq: KYAK), moved higher on Wednesday prior to the release of its earnings report after the close of regular trading. Kayak began trading on the Nasdaq on July 20th with an IPO price of $26. It now trades at $29.28, not drastically above the IPO price but thankfully not nearly as bad as some more infamous ones.
In its final S-1, the company indicated it expects 2Q revenue of between $74.5- $76.0mn, adjusted EBITDA of between $18.3-$19.3mn, income from operations of between $13.4 - 14.4mn, and 304mn queries.
Investors expecting a second quarter earnings surprise from Kayak might be disappointed. Based on their S1 filing and the tight range of 2Q expectation in its final prospectus, analysts at Deutsche Bank don’t see much surprise in the upcoming quarter, although the second half looks much more interesting.
Lloyd Walmsley said he thinks KAYAK will be largely unaffected by recent weakness from some names in the OTA and the travel ad space based on his view that KAYAK has limited exposure to Europe, the source of weakness in Priceline’s (Nasdaq: PCLN) guidance.
Deutsche Bank has a Buy rating on Kayak (KYAK) with a $35 price target.
For an analyst ratings summary and ratings history on Kayak Software click here. For more ratings news on Kayak Software click here.
Shares of Kayak Software closed at $27.73 yesterday, with a 52 week range of $26.02-$35.35.
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In its final S-1, the company indicated it expects 2Q revenue of between $74.5- $76.0mn, adjusted EBITDA of between $18.3-$19.3mn, income from operations of between $13.4 - 14.4mn, and 304mn queries.
Investors expecting a second quarter earnings surprise from Kayak might be disappointed. Based on their S1 filing and the tight range of 2Q expectation in its final prospectus, analysts at Deutsche Bank don’t see much surprise in the upcoming quarter, although the second half looks much more interesting.
Lloyd Walmsley said he thinks KAYAK will be largely unaffected by recent weakness from some names in the OTA and the travel ad space based on his view that KAYAK has limited exposure to Europe, the source of weakness in Priceline’s (Nasdaq: PCLN) guidance.
Deutsche Bank has a Buy rating on Kayak (KYAK) with a $35 price target.
For an analyst ratings summary and ratings history on Kayak Software click here. For more ratings news on Kayak Software click here.
Shares of Kayak Software closed at $27.73 yesterday, with a 52 week range of $26.02-$35.35.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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