BUZZ-PREVIEW: Booking Holdings slips ahead of earnings report

Reuters
07/30
BUZZ-PREVIEW: <a href="https://laohu8.com/S/BKNG">Booking Holdings</a> slips ahead of earnings report

** Booking Holdings BKNG.O shares slipping 1.3% on Tues ahead of qtrly results due after the bell, with investors watching for signs of strength in international travel

** Earlier this year, U.S. President Donald Trump's trade war led to a drop in travel spending by consumers worried about slower economic growth and higher inflation

** Analysts expect qtrly rev up 12% to $6.56 bln, per LSEG, with adjusted EPS seen at $50.22 vs $41.90 yr-ago

** BKNG stock recently at 24 times expected earnings, in line with its avg forward PE of 24 over past five years, per LSEG, suggesting it may be close to fairly valued

** The co's stock has climbed 12.8% YTD, outperforming Nasdaq .IXIC, which is up 9.5% YTD

(Reporting by Noel Randewich)

((noel.randewich@thomsonreuters.com))

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