Earnings Preview: Priceline.com (PCLN)

Priceline.com Incorporated PCLN is set to report earnings tonight, and Wall Street will be looking to see whether rising oil prices are having an effect on vacationers. At last check, shares of priceline.com were 72 cents to $536.84, a loss of 0.13%. Wall Street is expecting priceline to report earnings of $2.45 per share on revenues of 779.45 million. Guidance for next quarter is expected to come in at $4.40 per share on $1 billion in revenues. Priceline trades at 22.2 times 2012 earnings, which is extremely reasonable for a company growing its revenues at 33% year-over-year. It also sports a 1.28 price to earnings growth ratio, indicating that shares are not overvalued at these levels. Shares of priceline have gained 117.65% over the past year, compared to the S&P 500's 16%. The company is generating a 33.2% return on its equity. Priceline.com Incorporated operates as an online travel company principally in the United States, Europe, and Asia.