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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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From Priceline Group Inc (NASDAQ:PCLN) 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.

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 (EXPE), 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 today.

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 Friday.

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 least.

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 POWR Rating of A (Strong Buy), and is ranked #4 of 43 stocks in the Internet category.

Priceline Group Inc (NASDAQ:PCLN) 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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