Priceline workforce Inc will file 2nd quarter revenue outcomes tonight after the closing bell. right here’s what buyers and traders can are expecting from the online travel giant.
The company may also hold a convention call at 4:30 pm after its earnings unlock to speak about the consequences, nevertheless it normally provides steerage inside the press unencumbered itself.
On average, Wall boulevard analysts predict Q2 EPS of $14.22, up from $13.ninety three closing yr, and revenues of $2.99 billion, up 16.9% 12 months-over-12 months. For what it’s worth, Priceline’s personal guidance vary is $13.30 to $14.00, even if it’s most often conservative with its estimates.
As all the time, ahead steering will likely be a very important a part of the document. Analysts are searching for EPS of $34.17 for the upcoming quarter, so it’ll be fascinating to look how Priceline’s outlook compares.
The million greenback question, in fact, is how PCLN shares will react to salary tonight. According to PCLN options, the inventory’s current implied volatility stands at around 26%, which is a whopping 129% higher than its historic volatility over the last 30 days. In accordance with the weekly PCLN August 11 $2,050.00 straddle, the options market is pricing in a transfer of roughly 5% in both path by way of weekly expiration, which is that this Friday. That’s roughly in-line with the inventory’s last two earnings day reactions, which have been -4.52% and +5.67%, respectively.