Priceline.com (Nasdaq: PCLN )
- Creatore Discussione alingtonsky
- Data di Inizio
alingtonsky
Forumer storico
January 13, 2009 11:13 AM EST
Piper Jaffray & Co. maintains a 'Buy' on Priceline.com (Nasdaq: PCLN), raises price target from $70 to $79.
Piper analyst says, "Priceline continues to gain U.S. market share. Our analysis of web traffic data shows that traffic to priceline.com increased 34% Y/Y in December compared to +37% in November, +33% in October, and 20%+ growth rates in 3Q08. Travel industry fundamentals were sequentially mixed in December: Hotels declined further but air traffic improved slightly. We continue to believe that this will be an extended economic downturn and that travel industry fundamentals will remain weak in the near-term (1H09), but this most recent data suggests we may be stabilizing at current levels."
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http://www.streetinsider.com/Analys...CLN),+Raises+Price+Target+to+$79/4298192.html
February 4, 2009
07:56 EDT PCLN theflyonthewall.com: Recommendations story about PCLN from Thomas Weisel.
Thomas Weisel lowered their 2009 estimate for Priceline to $5.53 from $6.10 to reflect reduced international organic growth expectations and currency headwinds. The firm also cut their target price to $80 from $85, but notes channel checks indicated strength in the U.S. throughout Q4. Shares remain Overweight rated. :theflyonthewall
Piper Jaffray & Co. maintains a 'Buy' on Priceline.com (Nasdaq: PCLN), raises price target from $70 to $79.
Piper analyst says, "Priceline continues to gain U.S. market share. Our analysis of web traffic data shows that traffic to priceline.com increased 34% Y/Y in December compared to +37% in November, +33% in October, and 20%+ growth rates in 3Q08. Travel industry fundamentals were sequentially mixed in December: Hotels declined further but air traffic improved slightly. We continue to believe that this will be an extended economic downturn and that travel industry fundamentals will remain weak in the near-term (1H09), but this most recent data suggests we may be stabilizing at current levels."
...
http://www.streetinsider.com/Analys...CLN),+Raises+Price+Target+to+$79/4298192.html
February 4, 2009
07:56 EDT PCLN theflyonthewall.com: Recommendations story about PCLN from Thomas Weisel.
Thomas Weisel lowered their 2009 estimate for Priceline to $5.53 from $6.10 to reflect reduced international organic growth expectations and currency headwinds. The firm also cut their target price to $80 from $85, but notes channel checks indicated strength in the U.S. throughout Q4. Shares remain Overweight rated. :theflyonthewall
alingtonsky
Forumer storico
Nothing But Net
2009 Internet Investment Guide
Un lungo report di un mese fa (5 gennaio) , scritto dal team di analisi
Global Internet di JP Morgan
https://mm.jpmorgan.com/stp/t/c.do?i=3C571-1CF&u=a_p*d_254466.pdf*h_1v23jmle
alingtonsky
Forumer storico
February 18, 2009; Posted: 06:08 PM
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(RTTNews) - Wednesday, online travel services provider, Priceline.com Inc. (PCLN | Quote | Chart | News ), disclosed its fourth quarter financial results reporting a rise in net income when compared to the same period last year, favored by a rise in revenues during the quarter. The company also provided its guidance for the first quarter of fiscal 2009.
Reported earnings as well as the newly issued first quarter guidance were well above analysts' estimates, thereby taking the stock up more than 12% in today's after-hours trading on the Nasdaq.
The Norwalk, Connecticut-based company posted a fourth quarter net income applicable to common stockholders of $33.26 million or $0.73 per share versus a profit of $32.86 million or $0.68 per share in the similar quarter last fiscal year.
On a pro forma-basis, the company recorded a net income of $58.23 million or $1.29 per share compared to a profit of $46.19 million or $0.96 per share a year ago.
On average, 13 analysts polled by Thomson Reuters expected Priceline.com to report earnings of $1.05 per share for the fourth quarter. Analysts' estimates typically exclude special items.
Total revenues during the quarter rose to $406.04 million from $334.85 million in the fourth quarter of 2007. Analysts had anticipated revenues of $377.84 million for the three-month period.
Contributing primarily to the revenue growth was revenues from the company's international operations of $127.5 million that grew 24.4% from prior year results.
Cost of revenues totaled $200.98 million, up from $174.70 million in the prior-year quarter. Gross profit was recorded at $205.1 million, an increase of 28% from last year.
Gross travel bookings for the quarter, inclusive of all taxes and fees, of all travel services purchased by consumers, rose 22.9% year-over-year to approximately $1.5 billion.
Commenting on the quarter's results, priceline.com President and Chief Executive Officer, Jeffery Boyd, Stated, "Priceline continued to grow and take market share in the United States and internationally despite very challenging global economic conditions. Worldwide recessionary conditions have resulted in lower overall travel demand and we have seen hotels significantly reduce their average daily rates in response to declining hotel occupancy rates."
Among the company's notable competitors, Bellevue, Washington-based Expedia Inc. (EXPE | Quote | Chart | News | PowerRating), is expected to release its fourth quarter financial results on February 19, before the opening of market. Analysts are currently expecting earnings of $0.24 per share for the quarter, compared to reported earnings of $0.31 per share for the same period last year.
For the fiscal year ended December 2008, the company recorded a net income applicable to common stockholders of $193.47 million or $3.98 per share, higher than the income of $155.53 million or $3.42 per share in the prior year. Total revenues during the year rose significantly to $1.88 billion from $1.41 billion in 2007.
Pro forma net income for 2008 was $290.84 million or $5.96 per share, a 47.5% increase from a profit of $182.46 million or $4.04 per share a year ago.
Going ahead into 2009, Priceline.com has provided its guidance for the first quarter of the year, expecting a year-over-year increase in revenues in the range of 5.0% to 10.0%, and pro forma net income of between $0.85 and $0.95 per share.
Street analysts are currently expecting the company to report earnings of $0.81 per share for the first quarter of 2009 on revenues of around $412.64 million. PCLN ended Wednesday's regular trading at $68.74, down 0.19% or $0.13, on a volume of 3.2 million shares on the Nasdaq. In after-hours session, the shares surged 12.63% or $8.68, trading at $77.42.
...
http://www.tradingmarkets.com/.site/news/TOP STORY/2184183/
http://www.tradingmarkets.com/content/index/news_rss.xml http://www.addthis.com/bookmark.php
(RTTNews) - Wednesday, online travel services provider, Priceline.com Inc. (PCLN | Quote | Chart | News ), disclosed its fourth quarter financial results reporting a rise in net income when compared to the same period last year, favored by a rise in revenues during the quarter. The company also provided its guidance for the first quarter of fiscal 2009.
Reported earnings as well as the newly issued first quarter guidance were well above analysts' estimates, thereby taking the stock up more than 12% in today's after-hours trading on the Nasdaq.
The Norwalk, Connecticut-based company posted a fourth quarter net income applicable to common stockholders of $33.26 million or $0.73 per share versus a profit of $32.86 million or $0.68 per share in the similar quarter last fiscal year.
On a pro forma-basis, the company recorded a net income of $58.23 million or $1.29 per share compared to a profit of $46.19 million or $0.96 per share a year ago.
On average, 13 analysts polled by Thomson Reuters expected Priceline.com to report earnings of $1.05 per share for the fourth quarter. Analysts' estimates typically exclude special items.
Total revenues during the quarter rose to $406.04 million from $334.85 million in the fourth quarter of 2007. Analysts had anticipated revenues of $377.84 million for the three-month period.
Contributing primarily to the revenue growth was revenues from the company's international operations of $127.5 million that grew 24.4% from prior year results.
Cost of revenues totaled $200.98 million, up from $174.70 million in the prior-year quarter. Gross profit was recorded at $205.1 million, an increase of 28% from last year.
Gross travel bookings for the quarter, inclusive of all taxes and fees, of all travel services purchased by consumers, rose 22.9% year-over-year to approximately $1.5 billion.
Commenting on the quarter's results, priceline.com President and Chief Executive Officer, Jeffery Boyd, Stated, "Priceline continued to grow and take market share in the United States and internationally despite very challenging global economic conditions. Worldwide recessionary conditions have resulted in lower overall travel demand and we have seen hotels significantly reduce their average daily rates in response to declining hotel occupancy rates."
Among the company's notable competitors, Bellevue, Washington-based Expedia Inc. (EXPE | Quote | Chart | News | PowerRating), is expected to release its fourth quarter financial results on February 19, before the opening of market. Analysts are currently expecting earnings of $0.24 per share for the quarter, compared to reported earnings of $0.31 per share for the same period last year.
For the fiscal year ended December 2008, the company recorded a net income applicable to common stockholders of $193.47 million or $3.98 per share, higher than the income of $155.53 million or $3.42 per share in the prior year. Total revenues during the year rose significantly to $1.88 billion from $1.41 billion in 2007.
Pro forma net income for 2008 was $290.84 million or $5.96 per share, a 47.5% increase from a profit of $182.46 million or $4.04 per share a year ago.
Going ahead into 2009, Priceline.com has provided its guidance for the first quarter of the year, expecting a year-over-year increase in revenues in the range of 5.0% to 10.0%, and pro forma net income of between $0.85 and $0.95 per share.
Street analysts are currently expecting the company to report earnings of $0.81 per share for the first quarter of 2009 on revenues of around $412.64 million. PCLN ended Wednesday's regular trading at $68.74, down 0.19% or $0.13, on a volume of 3.2 million shares on the Nasdaq. In after-hours session, the shares surged 12.63% or $8.68, trading at $77.42.
...
http://www.tradingmarkets.com/.site/news/TOP STORY/2184183/
alingtonsky
Forumer storico
November 10th, 2010
Equities research analysts at Deutsche Bank boosted their price target on shares of Priceline.com (NASDAQ: PCLN) from $400 to $450 in a research note to investors on Tuesday, with a “buy” rating after the company posted strong third-quarter results.
Deutsche Bank Sets $450.00 Price Target on Priceline.com (NASDAQ: PCLN) : American Banking News
Equities research analysts at Deutsche Bank boosted their price target on shares of Priceline.com (NASDAQ: PCLN) from $400 to $450 in a research note to investors on Tuesday, with a “buy” rating after the company posted strong third-quarter results.
Deutsche Bank Sets $450.00 Price Target on Priceline.com (NASDAQ: PCLN) : American Banking News
