Research firms closely watching The Priceline Group Inc. (NASDAQ:PCLN) shares are on a consensus basis expecting $28.93 per share for the quarter. The company is expected to post their earnings report around 2016-11-14. This number is accoding to Zack’s Research and is the consensus number based on the analysts they track. Investors should note that this might slightly different from other data sources providing consensus numbers.
For the previous quarter, The Priceline Group Inc. (NASDAQ:PCLN) reported $12.89 EPS for the quarter which closed on 2016-06-30. The result was $1.35 away from what analysts had expected, yielding a surprise factor of 11.7%. When a firm posts a significant surprise factor, either negatively or positively, large stock price swings often occur in the days following the report.
In taking a look at where analysts believe The Priceline Group Inc. (NASDAQ:PCLN) is headed, the covering brokerages have a one year target price of $1502.812 on the shares. This is based on the 16 analysts polled by Zacks Research. The analyst with the most aggressive viewpoint sees the stock heading towards $1700 within the next 12 months while the most bearish sees the shares going to $790 in that same timeframe. The most recent analyst revision occurred on 2016-09-30. Depending on the brokerage firm, analysts on the sell-side use alternate terminology to describe their Buy/Sell recommendations.
Retail investors not familiar with a particular firms reports could find the recommendations difficult to understand. As a result, Zacks offers an analyst brokerage rating (ABR) which simplifies the recommendations into a 1 to 5 sliding scale where one represents a Strong Buy and 5 indicates a Strong Sell. The Priceline Group Inc. (NASDAQ:PCLN) currently has an ABR 1.8. This is the average recommendation based on the 16 analysts polled.
Please note that the data derived in this report is from Zacks Research. This is not a recommendation to Buy or Sell shares of The Priceline Group Inc. . The author of this article does not hold any position in the company. Investors should conduct their own thorough research before buying or selling equities.