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Sunday, February 26, 2012

priceline.com Earning preview report feb 27 2012

priceline.com Earning preview report feb 27 2012 : priceline.com Incorporated (NASDAQ:PCLN) has estimates of 5.05 EPS and $968.3-M in revenue. Next Quarter estimates are 3.73 EPS and $1.02-B in sales. This Company is now entering the area of its business cycle that analysts are going to be expecting $1-in sales each Quarter.

Wall Street is expecting higher profit for priceline.com (PCLN) when the company reports its fourth quarter results on Monday, February 27, 2012. The consensus estimate is calling for profit of $4.79 a share, a rise from $3.04 per share a year ago.

What to Expect:
The consensus estimate is up from three months ago when it was $4.75, but hasn’t changed over the past month. Analysts are expecting earnings of $22.28 per share for the fiscal year.

Revenue is projected to eclipse the year-earlier total of $731.3 million by 32.4%, finishing at $968.3 million for the quarter. For the year, revenue is projected to roll in at $4.33 billion.

Trends to Watch For:
In each of the last four quarters, the company has seen double-digit year-over-year revenue growth. Over that period, revenue has grown by an average of 40.5%. The biggest boost came in the most recent quarter when revenue increased 45% year-over-year.

For three consecutive quarters, the company has seen its profits rise. In the third quarter, net income rose more than twofold while it rose more than twofold in the second quarter and 94.5% in the first quarter.

Analyst Ratings:
The majority of analysts (93.8%) rate priceline.com as a buy. This compares favorably to the analyst ratings of its nearest 10 competitors, which average 35.9% buys. Analysts have become more cautious about the stock in the last three months.

Competitors:
Priceline.com is an online company that allows users to research and book travel services, including airline tickets, hotel rooms, car rentals and vacation packages. One of priceline.com’s main competitors in the internet and catalog retail industry is Orbitz Worldwide (OWW).

Over the past quarter, the stock price has increased from $459.18 on November 25, 2011 to $584.75. The stock price is currently at its 52-week high.

Earnings estimates provided by Zacks.
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