Priceline group Inc is an online travel and travel related services provider. The stocks surged 13% pre-market following its Q4 revenue announcements.
|PCLN – Priceline Group Inc|
|Fundamentals||Previously closed at||1110.68|
|Analyst opinion||Priceline was expected to have a revenue of $11.80 per share, and it beat the predictions today when it announced an earnings of $12.63 per share prior to market open. This shows that PCLN has had a strong growth despite turbulent times in the Fourth quarter of 2015, instantly gaining positive sentiments from traders.|
|Sentiments||According to reports, Priceline expects its first quarter revenue to rise 9 to 16 percent and record a year-over-year increase in gross profit of 14 to 21 percent. The international gross bookings of PCLN has accelerated to 29% and the gross profit has grown by 23%. Due to such high growth prospects, the sentiments are very positive for the stock currently.|
|However, chartists believe that the stock may see some resistance at the current levels before it becomes bearish. The resistance may arise due to investors who would hold the stock atleast until the Q1 results.|
|Revenue Prediction||The Estimize revenue prediction for Q1 is an EPS of $9.92|
|Social pulse||The social media pulse is 22% lower than normal.|