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Founded in 1997 and based in Norwalk, Connecticut, Booking Holdings Inc. (BKNG) is a global leader in online travel and related services. With a market cap of $150.1 billion, the company operates a diverse portfolio of well-known brands, Booking.com, Priceline, Agoda, and Kayak, serving travelers across more than 220 countries and territories with offerings that include accommodations, travel reservations, and rental cars. The booking company is set to report its first-quarter earnings after market close on Tuesday, April 29.
Ahead of the event, analysts expect BKNG to report a profit of $17 per share, down 16.6% from $20.39 in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports. Its adjusted earnings of $41.55 per share in the last quarter outpaced the consensus estimates by 16.6%, driven by strong travel demand, higher average daily rates, and effective cost management.