NEW YORK (TheStreet) -- Shares of Priceline Group (PCLN) are down 0.67% to $1,347.64 in early afternoon trading on Tuesday.
The Norwalk, CT-based company is a provider of travel and restaurant reservation and related services.
Priceline will report its 2016 first quarter results on Wednesday before the market open.
Wall Street is expecting the company to post earnings of $9.66 per share on revenue of $2.12 billion.
During the same period last year, Priceline said it had earnings of $8.12 per diluted share on revenue of $1.84 billion.
TheStreet'sChris Versace and Bob Lang of Trifecta Stocks have identified Priceline as the "Chart of the Day." Here is what Versace and Lang had to say about the stock:
The impressive chart of Priceline has this stock continuing higher, past the big gap in February, not looking back and making a series of higher highs, higher lows.
Volume is improving as well, and the top pane shows tremendous relative strength.
We highlight this name as a higher beta tech stock, the group of which has been performing miserably.
We like the standouts that are attracting the big money flows. Earnings are out later in the week, momentum indicators are bullish.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of A- on the stock.
The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and good cash flow from operations.
Although the company may harbor some minor weaknesses, the team believes they are unlikely to have a significant impact on results.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: PCLN
