Priceline.com First Quarter Earnings Sneak Peek

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S&P 500 (NYSE:SPY) component priceline.com Incorporated (NASDAQ:PCLN) will unveil its latest earnings on Wednesday, May 9, 2012. Priceline.com is an online travel company that offers travel services, including hotel rooms, airline tickets, vacation packages, car rentals, cruises, and destination services.

priceline.com Incorporated Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of $3.63 per share, a rise of 51.3% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from $3.64. Between one and three months ago, the average estimate moved down. It has risen from $3.62 during the last month. Analysts are projecting profit to rise by 34.5% compared to last year’s $30.03.

Past Earnings Performance: Last quarter, the company beat estimates by 12 cents, coming in at profit of $4.91 a share versus the estimate of net income of $4.79 a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 28.5% in revenue from the year-earlier quarter to $1.04 billion.

Analyst Ratings: Analysts are optimistic about this stock, with 15 analysts rating it as a buy, none rating it as a sell and two rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 66.3% to $225.7 million ($4.40 a share) from $135.7 million ($2.65 a share) the year earlier, exceeding analyst expectations. Revenue rose 35.5% to $990.8 million from $731.3 million.

Key Stats:

The company enters this earnings announcement with substantial revenue momentum. The company has averaged year-over-year revenue growth of 40.7% over the last four quarters.

After experiencing income increases the last three quarters, the company is hoping to keep the good news coming with this earnings announcement. Net income rose more than twofold in the second quarter of the last fiscal year and more than twofold in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year.

Stock Price Performance: Between February 7, 2012 and May 3, 2012, the stock price rose $220.54 (41.7%), from $529.19 to $749.73. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 8, 2011, when shares rose for 10 straight days, increasing 14.3% (+$69.18) over that span. It saw one of its worst periods between September 23, 2011 and October 4, 2011 when shares fell for eight straight days, dropping 13.7% (-$70.61) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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