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Priceline Group Inc Likely To See Huge Post-Earnings Price Move

Monday, February 27, 2017 11:43
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(Before It's News)

From ""
: Priceline Group Inc
( ""
is slated to deliver its
latest quarterly earnings results after the closing bell today, and
it’s safe to say the stock is priced to perfection. "more-157362">

PCLN shares have gained 11% year-to-date, and nearly 30% over
the trailing twelve months, in fact. Those serious recent gains
mean that relatively weak earnings tonight could lead to a major
pullback in the stock.

Analysts are currently looking for Q4 EPS $14.12, which would be
a 12% gain over the $12.63 the company reported in the year-ago
quarter. Wall Street is also looking for revenues of $2.33 billion,
up 16.3% year-over-year. Those are very optimistic numbers that
Priceline may have trouble hitting.

For the current first quarter, analysts expect the company to
offer EPS guidance of $11.94. In the year-ago first quarter, EPS
was $10.54.

One of Priceline’s biggest competitors, Expedia ( "nofollow" href=
, reported its own earnings
earlier this month. The company missed on the bottom line and beat
on the top line, and Wall Street wasn’t enthused. EXPE shares have
dropped about 3% since releasing that report. Expect Priceline to
see an even bigger pullback if its own earnings disappoint

That’s not just lip service, either. The options market is
currently pricing in a move of around 5% in either direction for
PCLN by February options expiration, which happens to be this

Stay tuned after the closing bell today, as we’ll have full
coverage of Priceline’s latest report, along with the market’s
reaction to the numbers. It should be interesting, to say the

Priceline Group Inc shares were trading at $1,621.02 per share
on Monday morning, down $10.60 (-0.65%). Year-to-date, PCLN has
gained 10.57%, versus a 6.02% rise in the benchmark S&P 500
index during the same period.

PCLN currently has a ""
target="_blank"> POWR Rating
of A (Strong
, and is ranked #4 of 43 stocks in the "nofollow" href=

Priceline Group Inc ( "" target=
was trading at $1,624.24 per
share on Monday afternoon, down $7.38 (-0.45%). Year-to-date, PCLN
has gained 10.79%, versus a 5.96% rise in the benchmark S&P 500
index during the same period.

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