(PCLN) Priceline.com – Bull of the Day

December 10th, 2009

Priceline.com (PCLN) is one of the leading online travel companies in the world. The company’s third quarter results beat consensus estimates on both the top and bottom lines.

Management expects strong double-digit bookings growth in both domestic and international businesses in the fourth quarter. The company grew strongly in 2008 and the growth rate has continued through the first three quarters of 2009 despite recessionary pressures.

The current momentum in the business, international growth opportunities, good execution, prudent marketing strategy and strong financial position are positives. Occupancy, tax-related litigation and declining ADRs are things to watch. We are initiating coverage of PCLN shares with an Outperform rating.

Zacks Investment Research

More on this topic (What's this?)
Do You Own PCLN, Up $30 on Tuesday?? (Scott's Investments, 11/11/09)
PCLN (All Allan, 2/17/10)
Priceline.com (NASDAQ: PCLN): Q4 Earnings Preview 2009 (Stock Wizard, 2/16/10)
Priceline.com (PCLN) Hits an Earnings Home Run (Fund my Mutual Fund, 11/10/09)
Read more on Priceline.com at Wikinvest

Related Posts:

  1. (PCLN) Priceline.com Incorporated – Gross Travel Bookings Jump 32.8% in the Third QuarterPriceline.com Inc. (PCLN) recently reported third quarter results that beat big for the fourth consecutive...
  2. (PCLN) Priceline.com – Estimates Inching Higher – PEG Ratio is 1.3Priceline.com Inc. (PCLN) has been a solid performer since it was featured in August as...
  3. (PCLN) Priceline.com Inc. – booked yet another double-digit earnings surprisePriceline.com Inc. (PCLN) blew estimates away once again despite recent reports of slower consumer spending....
  4. $PCLN – Priceline.com – Sales were up 15% from last yearPriceline.com (PCLN) has rebounded very nicely after taking a dip last year in the weak...
  5. (PCLN) Priceline.com – Aggressive Growth – Zacks Rank BuyPriceline.com, Inc. (PCLN) beat Wall Street’s expectations on May 11th. Earnings estimates and shares are...
  6. (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...


Search Posts by Tag: | | Internet Information Providers | Technology

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

Other Posts by: | RSS Feed for this author