Here's What Key Metrics Tell Us About Booking Holdings (BKNG) Q2 Earnings

Booking Holdings (BKNG) reported $5.86 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 7.3%. EPS of $41.90 for the same period compares to $37.62 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $5.78 billion, representing a surprise of +1.36%. The company delivered an EPS surprise of +6.37%, with the consensus EPS estimate being $39.39.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.Here is how Booking Holdings performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Gross Bookings - Total: $41.40 billion compared to the $41.69 billion average estimate based on seven analysts. Gross Bookings - Merchant: $25.80 billion versus the seven-analyst average estimate of $24.29 billion. Gross Bookings - Agency: $15.60 billion versus $17.40 billion estimated by seven analysts on average. Units Sold - Room Nights: 287 million versus the six-analyst average estimate of 284 million. Units Sold - Rental Car Days: 22 million compared to the 22.11 million average estimate based on four analysts. Units Sold - Airline Tickets: 11 million versus 11.5 million estimated by four analysts on average. Revenues- Advertising and Other Revenues: $269 million versus $288.60 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +2.3% change. Revenues- Merchant: $3.45 billion versus the six-analyst average estimate of $3.22 billion. The reported number represents a year-over-year change of +24.4%. Revenues- Agency: $2.14 billion compared to the $2.28 billion average estimate based on six analysts. The reported number represents a change of -11.7% year over year. View all Key Company Metrics for Booking Holdings here>>>Shares of Booking Holdings have returned -5.2% over the past month versus the Zacks S&P 500 composite's +1.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Booking Holdings Inc. (BKNG): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks