Priceline.com (PCLN) has rebounded very nicely after taking a dip last year in the weak economy. The company’s share price has more than doubled in the last 6 months, helped by strong first-quarter results, reported on May 11.

First-Quarter Results

Sales were up 15% from last year to $462.1 million. Earnings came in at 86 cents, 13 cents ahead of the consensus. It was the third consecutive surprise for the company.

Priceline was well positioned to partially benefit from the weak economy as bargain-hungry consumers hunted for travel savings. Analysts continue to be bullish on the company, with earnings projections heading higher.

Estimates Rising

The current year is up 32 cents in the last 2 months to $5.87 per share.

Valuation

Based upon this earnings projection, this stock has a P/E multiple of almost 20X, a premium to the overall market. The next-year estimate is projecting 12% earnings growth.

The Chart

Shares of PCLN have made an impressive rebound from last year’s low, rallying from just above $44 in October to a recent high above $118. Take a look below.

Zacks Investment Research
View original at: Zacks.com News Feed

1. (PCLN) Priceline.com – Aggressive Growth – Zacks Rank BuyPriceline.com, Inc. (PCLN) beat Wall Street’s expectations on May 11th. Earnings estimates and shares are...
2. (PCLN) Priceline.com Inc – Aggressive Growth – Zacks Rank BuyPriceline.com, Inc. (PCLN) just beat Wall Street’s expectations on Feb 18th. Earnings estimates and shares...
3. (PARL) Parlux Fragrances – Sales grew 40% on a year-over-year basisParlux Fragrances, Inc. (PARL), which has no debt, offers an attractive forward P/E ratio of...
4. (FLO) Flowers Foods, Inc – Sales jumped 21% on a year-over-year basisFlowers Foods, Inc. (FLO) recently announced third-quarter earnings of 29 cents per share, surpassing the...
5. (ABT) Abbott Laboratories – Worldwide sales jumped 17.6% on a year-over-year basisAbbott Laboratories (ABT) saw all 12 covering analysts boost full-year earnings estimates. Forecasts of $3.32...
6. (ABT) – Abbott Laboratories – Worldwide sales jumped 17.6% on a year-over-year basisAbbott Laboratories (ABT) recently posted strong results for the third quarter. Earnings per share of...

Search Posts by Tag: PCLN | Priceline.com Inc. | Internet Service Providers | Technology

RSS Feeds by Tag: PCLN | Priceline.com Inc. | Internet Service Providers | Technology |

Other Posts by: Shawn | RSS Feed for this author