Список проголосовавших за комментарий " <table class="BriefingDataTable" border="0" cellspacing="0" cellpadding="0"><tr> <td class="tickerColumn"> </td> <td class="articleColumn">Priceline: Color on Qtr (1632.01)<ul><li><strong>Benchmark raises tgt to $1900 from $1800</strong>. Co reported strong 4Q16 results, headlined by a 6% beat on room-night (RN) growth and $58 million in EBITDA upside vs. an aggressive consensus already at the high-end of prior guidance. 1Q17 guidance was also healthy, with the street forecast of 17% gross booking and 20% RN growth at the bottom of the guidance range, although EBITDA was guided $130 million below consensus. Surprising, sustained property growth appears to be the key driver, with additions to traditional augmented by more rapid growth in alternative accomodations, all aided by a leading position in the growing instant-book vertical.</li><li><strong>Needham Research notes</strong> PCLN reported 4Q16 revenue of $2.348B (up 17% y/y, 1% above estimates), and Non-GAAP EPS of $14.21 (up 35% y/y, 0.3% above estimates). 4Q16 gross bookings grew 26% y/y in U.S. dollars (up 28% y/y FX neutral) despite slightly lower accommodation ADRs (avg. daily rate). PCLN's 4Q16 gross profit was $2.3B, of which $2B was international, up 23% y/y in USD (up 26% y/y FX neutral), plus US gross profit of $293mm, up 9% y/y. Performance advertising had lower ROIs, but more PCLN revenue came from performance advertising channels in 4Q16. PCLN reported $1.1B of cash from operations in 4Q16, up 26% y/y. For 2016, room night growth was 29%, up 380 basis points vs 2015.</li><li><strong>Stifel Research increases tgt to $2100 from $1900.</strong> Priceline reported strong 4Q:16 results highlighted by 31% y/y room night growth, 28% y/y FX-adj. bookings growth, and adj. EBITDA margins of 38.2% (gross profit), all exceeding expectations. Momentum continued into 1Q:17 as Priceline guided next quarter room nights (20%-25%) and FX-adj. bookings (19%-24%) ahead of expectations. Pressure on performance marketing ROI is expected to continue into 1Q, though to a lesser degree than the recent past, and the book vs. day time lag and the Easter shift will pressure margins in the quarter. Management noted that performance ad efficiency in 1H:17 will be more favorable than 2H:16.</li><li><strong>RBC Capital raises tgt to $2000 from $1850.</strong> Bookings of $15.1B (up an accelerating and two-year-high 28% Y/Y) handily beat Street/RBC, while EBITDA of $869MM and Non-GAAP EPS of $14.21 also surpassed RBC/Street. PCLN continues to benefit from strength of its brands, a diversified global footprint, and strong execution and Macro factors this quarter were relatively benign. Q1 Bookings and Room Night Growth Guides were better than Street, tho EBITDA and Non-GAAP EPS Guides were below, tho firm believes this was entirely due to Easter timing impact, as Bookings and Expenses are recognized at Booking, but Revenue recognized.</li></ul><p><em>Shares of PCLN are trading approx 4% higher in reaction to earnings. </em></p></td> </tr></table>"