Key Takeaways:
· BKNG beat on 4Q revenues and EPS.
· The stock is down because they issued weak guidance due to impact from the Coronavirus.
· Projecting Q1 revenue down 3% to 7%, the street had been expecting 5% growth.
· They expect 1Q room nights booked to be down 5% to 10%.
· Mgmt. said they saw “a significant and negative impact” and that it is not possible to predict where and to what degree outbreaks of coronavirus will disrupt travel.
Sarah Kanwal
Equity Analyst, Director
Direct: 617.226.0022
Fax: 617.523.8118
Crestwood Advisors
One Liberty Square, Suite 500
Boston, MA 02109