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12-Month Median Price Target: $622.50
Implied Potential Return: 29%
Forward Annual Dividend Yield: N/A
Current Analyst Coverage Breakdown: Of the 23 analysts covering the shares, 18 have either strong buy (5) or buy (13) ratings vs. 4 holds and one underperform.
Commentary: Priceline.com is slated to report its fiscal fourth-quarter results on Feb. 20, and Wall Street is looking for earnings of $5.05 a share in the December-ended period on revenue of $966.4 million.
The stock has risen nearly 9% over the past year, ranging from a 52-week high of $561.88 on May 2 to a low for the year of $411.26 on Oct. 4. At current levels, since hitting that nadir, the shares have bounced more than 15%.
The company reported strong growth in travel bookings in its fiscal third quarter, and investors are expecting more of the same. Gross bookings totaled $6.3 billion for the quarter, including taxes and fees, up 56.2% from a year ago as Priceline.com grabbed market share in bookings for hotel rooms and rental cars and delivered 8% growth in its airline ticketing business, its best showing in the past seven quarters.
Priceline.com has beaten the consensus view in eight straight quarters, delivering an average upside surprise of 10.1%.
Check out TheStreet's quote page for Priceline.com for year-to-date share performance, analyst ratings, earnings estimates and much more.