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Priceline.com Incorporated Fourth Quarter Earnings Sneak Peek

S&P 500 component priceline.com Incorporated will unveil its latest earnings on Monday, February 27, 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 estimate of analysts is for profit of $4.79 per share, a rise of 57.6% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $4.75. Between one and three months ago, the average estimate moved up. It has been unchanged at $4.79 during the last month. Analysts are projecting profit to rise by 81.9% compared to last year’s $22.28.

Past Earnings Performance: Last quarter, the company beat estimates by 73 cents, coming in at net income of $9.75 a share versus the estimate of profit of $9.02 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 32.4% in revenue from the year-earlier quarter to $968.3 million.

Analyst Ratings: Analysts are bullish on this stock, with 15 analysts rating it as a buy, none rating it as a sell and one rating it as a hold.

A Look Back: In the third quarter, profit rose more than twofold to $469.5 million ($9.17 a share) from $223 million ($4.41 a share) the year earlier, exceeding analyst expectations. Revenue rose 45% to $1.45 billion from $1 billion.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 40.5%, with the biggest boost coming in the most recent quarter when revenue rose 45% from the year earlier quarter.

The company’s net income rise has increased in each of the last three quarters. Net income rose more than twofold in the second quarter and 94.5% in the first quarter.

Stock Price Performance: Between December 21, 2011 and February 21, 2012, the stock price had risen $112.42 (23.8%), from $472.33 to $584.75. 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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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com