Recent IPO KAYAK (KYAK) to Report after Bell; Will Results Deliver?
Get Alerts KYAK Hot Sheet
Price: $40.07 --0%
Rating Summary:
0 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
Rating Summary:
0 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
Join SI Premium – FREE
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.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Midday movers: RH, Estee Lauder rise; Tesla falls
- Deutsche Bank Reiterates Buy Rating on Target (TGT), Adds to Q2 Fresh Money List
- Morgan Stanley Downgrades Lite-On Technology Corp (2301:TT) to Underweight
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS ViewRelated Entities
Deutsche Bank, S1, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!