Market Update: priceline.com Incorporated (NASDAQ:PCLN) – The Priceline Group to Webcast 4th Quarter 2015 Financial Results on February 17th

[PR Newswire] – NORWALK, Conn., Jan. 25, 2016 /PRNewswire/ — The Priceline Group (Nasdaq: PCLN) announced today that it intends to hold a conference call to discuss its 4th quarter 2015 financial results on Wednesday, … Read more on this. The Priceline Group Inc. (PCLN) , currently valued at $54.66B, finished at $1,118.11. Today, shares have traded between $1,097.88 and $1,126.56 per share with its 52-week range being $992.13 to $1,476.52. PCLN shares are currently priced at 19.36x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 17.73x earnings multiple. In a review of the consensus earnings estimate this quarter, 25 sell-side analysts are looking at $11.88 per share, which would be $1.03 better than the year-ago quarter and a $0.58 sequential decrease. The full-year EPS estimate is $57.74 which would be a $4.43 improvement than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.97 Billion. If reported, that would be a 7.07% increase over the year-ago quarter. Recently, Wells Fargo Initiated PCLN at Market Perform (Jan 25, 2016). Previously, Raymond James downgraded PCLN from Strong Buy to Outperform. With the above information in mind, readers should note that the average price target is $1,483.75, which is 0.00% above where the stock opened this morning. See more in (NASDAQ:PCLN) Similar Articles: Company Update (NASDAQ:PCLN): The Priceline Group to Present at the RBC Capital Markets’ Technology, Internet, Media and Telecommunications Conference Stock Update: priceline.com Incorporated (NASDAQ:PCLN) – The Priceline Group to Webcast 3rd Quarter 2015 Financial Results on November 9 Stock Update: priceline.com Incorporated (NASDAQ:PCLN) – The Priceline Group Announces the Acquisition of AS Digital