tiprankstipranks
Market News

Booking Holdings Q4 Results Beat Estimates

Booking Holdings (BKNG) delivered stronger-than-expected Q4 and full-year 2021 results characterized by robust growth in gross travel bookings. Earnings and revenue came in above consensus estimates despite being negatively impacted by the COVID-19 pandemic and government restrictions. BKNG shares fell 1.92% to close at $2,469.83 on February 23.

Booking Holdings is a U.S. company that operates an online platform allowing people to make travel and restaurant reservations.

Earnings

Total revenues in Q4 increased 141% year-over-year to $3 billion, exceeding consensus estimates of $2.85 billion. Full-year total revenues increased 61% year-over-year to $11 billion, driven by a 116% increase in gross travel bookings to $76.6 billion.

Booking Holdings posted non-GAAP net income of $654 million in Q4, an improvement from a loss of $23 million delivered in the same quarter last year. Non-GAAP net income per diluted share landed at $15.83 compared to a non-GAAP net loss of $0.57 last year and came in better than consensus estimates of $13.53.

According to Chief Executive Officer (CEO) Glenn Fogel, fourth-quarter results exceeded expectations. The executive believes the company is well-positioned to capitalize on improving travel demand even though there could be periods where COVID impacts travel trends.

Stock Rating

Yesterday, Stifel Nicolaus analyst Scott Devitt reiterated a Hold rating on Booking Holdings with a $2,650 price target, implying 7.29% upside potential to current levels.

Consensus among analysts is a Moderate Buy based on 7 Buys and 6 Holds. The average Booking Holdings price target of $2,740.77 implies 10.97% upside potential to current levels.

Download the TipRanks mobile app now

To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

Read full Disclaimer & Disclosure.

Related News:
Bath & Body Slips 3.4% Despite Strong Q4 Results
Apollo Funds to Acquire Tenneco for $7.1B; Shares Surge 94%
CIBC Q1 Earnings Preview: What to Expect

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More