(PCLN) Priceline.com Inc. – Earnings Momentum Continues

December 14th, 2009

Priceline.com (PCLN) analysts continue to raise estimates following the most recent earnings report, which has sent the stock on a nice upward run.

Earnings Momentum Continues

Since being featured as a Zacks Rank Buy, just after an earnings report, estimates continue to climb. The Zacks Consensus Estimate for this year is now $7.72, up from $6.89. Next year’s estimates are averaging $9.69, up from $8.47.

On a year-over-year basis, these levels represent earnings growth of 52% and 25%, respectively.

Outperform

Last week, Zacks Equity Research released a new report that included an upgrade to “Outperform”. The report sites strong growth, even through the recession, a strong balance sheet, and a good marketing strategy as reasons for the recommendation.

Industry Comparison

Priceline.com is the top rated e-commerce company at Zacks.com. The company boasts a profit margin of 20.2%, about 8 times higher than the industry average. Its ROE is a solid 45.8%, more than triple the average amongst its peers.

The Chart

Shares of PCLN are on a nice trend since the earnings report. The stock continues to set higher highs and higher lows. Take a look at the chart below.

Bill Wilton is the Growth Stock Strategist for Zacks.com. He is also the Editor in charge of the market-beating Zacks Growth Trader service

Zacks Investment Research

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Read more on Priceline.com at Wikinvest

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