Short interest for Booking Holdings gives investors a sense of the degree to which investors are betting on the decline of Booking Holdings's stock. Short interest data is updated every two weeks.

Booking Holdings Stock (NASDAQ:BKNG), Short Interest Report

Booking Holdings

Booking is the world's largest online travel agency by sales, offering booking and payment services for hotel and alternative accommodation rooms, airline tickets, rental cars, restaurant reservations, cruises, experiences, and other vacation packages. The company operates several branded travel booking sites, including Booking.com, Agoda, OpenTable, and Rentalcars.com, and has expanded into travel media with the acquisitions of Kayak and Momondo. Transaction fees for online bookings account for the bulk of revenue and profits.

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With the earnings season now halfway through, the percentage of S&amp;P 500 companies reporting positive earnings surprises and the magnitude of earnings surprises were above their 10-year averages.

Will Earnings Cheer Continue To Buoy Markets? Apple, Amazon, Pfizer, Coinbase Lead Flurry Of Q1 Reports This Week

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Amazon (NASDAQ: AMZN) is scheduled to report first-quarter 2024 results on Apr 30.


Is Amazon Stock Worth Buying Ahead of Q1 Earnings?

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Airbnb stock gained over 40% in the last 12 months, but the market has an overly optimistic view of its potential to leverage AI.

Airbnb Faces Growth Hurdles Despite Strong Consumer Preference, Analysts Warn

Booking Holdings Inc

Pilgrims Pride (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) reported quarterly earnings of $0.77 per share which beat the analyst consensus estimate of $0.64 by 20.31 percent. This is a 862.5 percent increase over earnings of $0.08 per share from the same period last year. The company reported quarterly sales of $4.362 billion which missed the analyst consensus estimate of $4.450 billion by 1.97 percent. This is a 4.70 percent increase over sales of $4.166 billion the same period last year.

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Pilgrims Pride Q1 2024 Adj EPS $0.77 Beats $0.64 Estimate, Sales $4.362B Miss $4.450B Estimate

The 150th Kentucky Derby on May 4 could have more people paying attention to the superfecta odds and top four finishers than in past years.
What Happened: Virtual horse racing game Photo Finish LIVE <a href="https://photofinish.live/news/article/celebrate-the-150th-kentucky-derby-with-photo-finish-live-and-a-free-chance-to-win-100000">announced</a> a SuperFecta Scratch-Off event that will offer a $100,000 prize to one lucky winner.
SuperFecta tickets are <a href="https://mint.photofinish.live/">minted </a>for free plus the cost of gas on the Base Network, a Layer 2 from Coinbase Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>). Photo Finish Live parent company Third Time Entertainment counts Coinbase as an investor.
"As a portfolio company of Coinbase Ventures, it felt long overdue for us to build a seamless experience that works with the Coinbase Wallet to set the stage for an unprecedented FREE MINT event — featuring 116,280 Superfecta tickets, a collection guaranteed to include one $100,000 lucky winner.
Users can mint the tickets with Coinbase Wallet or several other supported wallets until the tickets are all reserved. Each user can mint three tickets for free. The scratch-offs can then be revealed and sold on exchanges <a href="https://magiceden.io/collections/base/0x3bf097eb787be3ed0b871a02590382ff642933ed">like </a>Magic Eden.&#8221;
Photo Finish LIVE partnered with Churchill Downs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHDN#NASDAQ">CHDN</a>) in 2023 to attract new fans to <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38365133/exclusive-madden-gaming-veteran-leads-play-to-earn-horse-racing-game-photo-finish-into-new">live and virtual racing.</a>
"A year ago, Churchill Downs entrusted Third Time Games with helping bring a younger generation of fans to horse racing," Third Time Games CEO Ian Cummings told Benzinga. "Superfecta Scratch-Off is our fun way of connecting web3 technology and digital assets to the actual Kentucky Derby results."
Other prizes, including free unraced virtual horses, will also be offered to owners of Superfecta scratch off tickets.
"This simple and exciting process will convert the Web3 world into rooting for their steeds in the historic May 4 IRL race, showcasing Photo Finish LIVE's ability to inject a new generation of fans into one of the world's oldest sports – it's our version of March Madness brackets!" the company said.
Users who sign up for Photo Finish can get a <a href="https://signup.photofinish.live/?referralCode=155G25NR">free </a>horse to start racing and get familiar with the game. 
Related Link: <a href="https://www.benzinga.com/markets/cryptocurrency/23/10/35336333/exclusive-blockchain-p2e-virtual-horse-racing-game-photo-finish-announces-new-funding-meet">EXCLUSIVE: Blockchain P2E Virtual Horse Racing Game Photo Finish Announces New Funding &#8211; Meet The Investors And Next Steps</a>
What's Next: The Superfecta tickets are available until they are all claimed or until the race on Saturday. As of Tuesday, Photo Finish reported that over 26,000 of the 116,280 tickets had been claimed.
The 150th running of the Kentucky Derby takes place on Saturday May 4, 2024 at Churchill Downs Racetrack.
Coverage of the race starts at 2:30 p.m. ET on NBC and Peacock, units owned by Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>). The Kentucky Derby is scheduled to race at 6:57 p.m. ET.
"We believe this will have thousands of people who otherwise haven't been introduced to horse racing previously now paying attention to the results of the race on Saturday night," Cummings told Benzinga.
Twenty horses are set to compete in the 150th Kentucky Derby with a $3.1 million prize available for the first-place finisher and a total prize pool of $5 million for the top five finishers.
The 2023 Kentucky Derby <a href="https://www.benzinga.com/general/sports-betting/23/05/32270092/heres-how-much-100-bet-on-mage-to-win-kentucky-derby-paid-out-and-how-you-could-have-owned">saw Mage win</a>. The 18-to-1 odds horse paid out $32.42 to anyone who placed a $2 wager on the win. A $1 Superfecta bet that correctly predicted the order of the top four horses (8, 3, 14, 11) paid out $15,643.
The current favorites for the 2024 race and their gate position are:
<ul>
<li>16. Fierceness: 5-2</li>
<li>2. Sierra Leone: 3-1</li>
<li>4. Catching Freedom: 8-1</li>
<li>10. Forever Young: 10-1</li>
<li>8. Just a Touch: 10-1</li>
</ul>
This means the favorite Superfecta tickets right now would be 16-2-4-10 or 16-2-4-8. But as anyone who has watched or bet on horse racing knows, anything can happen.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/10/35066231/churchill-downs-analyst-sized-up-high-quality-kentucky-derby-asset-project-pipeline">Churchill Downs Analyst Sized Up &#8216;High-Quality Kentucky Derby Asset&#8217; &#8211; Project Pipeline Includes Casinos</a>

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EXCLUSIVE: Kentucky Derby Fans Can Score $100K Prize With Web3-Powered SuperFecta Scratch-Off

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ArtiCure Sees FY24 Adj. EPS $(0.82)-$(0.74) Vs $(0.74) Est.; Revenue ~$459M-$466M Vs $461.304M Est.

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Cimpress Q3 2024 Adj EPS $(0.15) May Not Compare To $0.14 Estimate, Sales $780.59M Miss $782.85M Estimate

APA Says Following The Completion Of The Callon Acquisition, APA Is Providing Revised FY24 Guidance. In 2024, APA Plans To Invest $2.7B In Upstream Oil And Gas Capital. The Company Expects To Average ~10 Rigs For The Remainder Of This Year In The U.S. As It Actively Manages And High Grades The Newly Combined Rig Fleet

<div>2024&nbsp;Software revenue growth is expected to range from&nbsp;6%&nbsp;to&nbsp;13%.&nbsp;Drug discovery revenue is expected to range from&nbsp;$30 million&nbsp;to&nbsp;$35 million.&nbsp;Software gross margin is expected to be similar to software gross margin for the full year 2023.</div>

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Schrödinger Maintains FY24 Financial Guidance; Expects Q2 Software Revenue Of $31M-$33M

MediaAlpha (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAX#NYSE">MAX</a>) reported quarterly losses of $(0.02) per share which beat the analyst consensus estimate of $(0.10) by 80 percent. This is a 91.3 percent increase over losses of $(0.23) per share from the same period last year. The company reported quarterly sales of $126.649 million which beat the analyst consensus estimate of $109.349 million by 15.82 percent. This is a 13.45 percent increase over sales of $111.630 million the same period last year.

MediaAlpha Q1 2024 GAAP EPS $(0.02) Beats $(0.10) Estimate, Sales $126.649M Beat $109.349M Estimate

Liberty Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LBTYA#NASDAQ">LBTYA</a>) reported quarterly earnings of $1.32 per share which beat the analyst consensus estimate of $(0.72) by 283.33 percent. This is a 183.02 percent increase over losses of $(1.59) per share from the same period last year. The company reported quarterly sales of $1.945 billion which beat the analyst consensus estimate of $1.885 billion by 3.21 percent. This is a 4.12 percent increase over sales of $1.868 billion the same period last year.

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Liberty Global Q1 2024 GAAP EPS $1.32 Beats $(0.72) Estimate, Sales $1.945B Beat $1.885B Estimate

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Carvana shares are trading higher after the company reported Q1 financial results.

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Qualcomm Disclosed On April 18, Filed Separate Complaint Against Arm In U.S. District Court For District Of Delaware; Complaint Alleges That Arm Has Breached Qualcomm ALA By Failing To Provide Some Deliverables That Arm Is Obligated To Provide

Markel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MKL#NYSE">MKL</a>) reported quarterly earnings of $75.43 per share which beat the analyst consensus estimate of $24.86 by 203.42 percent. The company reported quarterly sales of $4.467 billion which beat the analyst consensus estimate of $3.566 billion by 25.25 percent. This is a 22.61 percent increase over sales of $3.643 billion the same period last year.

Markel Q1 2024 GAAP EPS $75.43 vs $24.86 Estimate, Sales $4.467B Beat $3.566B Estimate

CSGS

CSG Systems Confirms All 2024 Financial Guidance Targets; Revenue Of $1.20B-$1.24B (Est $1.175B), Adj EPS Of $3.85-$4.15 (Est $4.00)

DoorDash, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>) reported its first-quarter financial results after the bell Wednesday. Here's a <a href="https://www.benzinga.com/pressreleases/24/05/b38564025/doordash-releases-first-quarter-2024-financial-results">look at the details. </a>
The Details: DoorDash reported quarterly losses of 6 cents per share which missed the analyst consensus estimate of losses of 4 cents by 50%. 
The company posted quarterly sales of $2.513 billion which beat the analyst consensus estimate of $2.453 billion by 2.45% and represents a 23.49% increase over sales of $2.035 billion from the same period last year.
Total Orders increased 21% year-over-year to 620 million and Marketplace GOV increased 21% year-over-year to $19.2 billion.
&#8220;In Q1 2024, we set new quarterly records for Total Orders, Marketplace GOV, and revenue, while improving our net loss compared to a year ago. An evergreen goal for us is to execute at a high level against our operational targets, as this drives incremental scale and efficiency that we can reinvest to solve new problems for merchants, consumers, and Dashers,&#8221; the company said. 
&#8220;We executed well from this perspective in Q1 2024, which helped us expand local commerce in the communities we operate in and increase our long-term growth and profit potential,&#8221; 
Outlook: DoorDash sees Marketplace GOV in a range of $19 billion to $19.4 billion for the second quarter. 
DASH Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, DoorDash shares are down 11.85% after-hours at $111.28 at the time of publication Wednesday.
Related News: <a href="https://www.benzinga.com/news/earnings/24/05/38555359/whats-going-on-with-super-micro-stock-after-earnings">What&#8217;s Going On With Super Micro Stock After Earnings?</a>
Photo: Diego Thomazini from Shutterstock

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DoorDash Reports Mixed Q1 Results: EPS Miss, Sales Beat

Fiscal 2024 and Q3'24 Guidance and Mid-Term Targets
"Our ARR and free cash flow results in Q2'24 were solid in a challenging selling environment, driven by the resilience of our subscription business model, consistent execution, operational discipline, and the actions we have taken over time to align our investments with market opportunities. We continue to rapidly de-lever, and our debt to EBITDA ratio was 2.3x at the end of Q2'24," said Kristian Talvitie, CFO.
"Reflecting our year-to-date performance and our outlook for the second half, we are narrowing the range of our FY'24 constant currency ARR guidance and maintaining our FY'24 free cash flow guidance. For Q3, the ARR guidance range is 11 to 12 percent growth, with free cash flow of approximately $220 million. It's worth noting that we are updating our FY'24 revenue and EPS guidance consistent with our updated ARR guidance range and also due to the impact of FX. We believe we have set our Q3'24 and FY'24 guidance appropriately," concluded Talvitie.
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="2">&nbsp; $ in millions</td>
<td colspan="1" rowspan="2">FY'24 Previous Guidance</td>
<td colspan="1" rowspan="2">FY'24 Guidance</td>
<td colspan="1" rowspan="2">FY'24 YoY Growth Guidance</td>
<td colspan="1" rowspan="2">Q3'24 Guidance</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Constant currency ARR</td>
<td colspan="1" rowspan="1">$2,190 - $2,250</td>
<td colspan="1" rowspan="1">$2,200 - $2,240</td>
<td colspan="1" rowspan="1">11% - 13%</td>
<td colspan="1" rowspan="1">$2,115 - $2,130</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Operating cash flow</td>
<td colspan="1" rowspan="1">~$745</td>
<td colspan="1" rowspan="1">~$745</td>
<td colspan="1" rowspan="1">~22%</td>
<td colspan="1" rowspan="1">~$225</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Free cash flow</td>
<td colspan="1" rowspan="1">~$725</td>
<td colspan="1" rowspan="1">~$725</td>
<td colspan="1" rowspan="1">~23%</td>
<td colspan="1" rowspan="1">~$220</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Revenue</td>
<td colspan="1" rowspan="1">$2,270 - $2,360</td>
<td colspan="1" rowspan="1">$2,270 - $2,340</td>
<td colspan="1" rowspan="1">8% - 12%</td>
<td colspan="1" rowspan="1">$525 - $540</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Earnings per share</td>
<td colspan="1" rowspan="1">$2.42 - $3.32</td>
<td colspan="1" rowspan="1">$2.52 - $3.22</td>
<td colspan="1" rowspan="1">22% - 56%</td>
<td colspan="1" rowspan="1">$0.41 - $0.54</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Non-GAAP earnings per share</td>
<td colspan="1" rowspan="1">$4.50 - $5.20</td>
<td colspan="1" rowspan="1">$4.60 - $5.10</td>
<td colspan="1" rowspan="1">6% - 18%</td>
<td colspan="1" rowspan="1">$0.90 - $1.00</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
</tbody>
</table>
</figure>
Reconciliation of Operating Cash Flow Guidance to Free Cash Flow Guidance
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="2">&nbsp; In millions</td>
<td colspan="1" rowspan="2">FY'24 Guidance</td>
<td colspan="1" rowspan="2">Q3'24 Guidance</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp; Operating Cash Flow</td>
<td colspan="1" rowspan="1">~$745</td>
<td colspan="1" rowspan="1">~$225</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Capital expenditures</td>
<td colspan="1" rowspan="1">(~$20)</td>
<td colspan="1" rowspan="1">(~$5)</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp; Free Cash Flow</td>
<td colspan="1" rowspan="1">~$725</td>
<td colspan="1" rowspan="1">~$220</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
</tbody>
</table>
</figure>
Reconciliation of EPS Guidance to Non-GAAP EPS Guidance
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="2"> &nbsp;</td>
<td colspan="1" rowspan="2">FY'24 Guidance</td>
<td colspan="1" rowspan="2">Q3'24 Guidance</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Earnings per share</td>
<td colspan="1" rowspan="1">$2.52 - $3.22</td>
<td colspan="1" rowspan="1">$0.41 - $0.54</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Stock-based compensation expense</td>
<td colspan="1" rowspan="1">$1.91 - $1.66</td>
<td colspan="1" rowspan="1">$0.44 - $0.40</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Intangible asset amortization expense</td>
<td colspan="1" rowspan="1">~$0.68</td>
<td colspan="1" rowspan="1">~$0.17</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Acquisition and transaction-related expense</td>
<td colspan="1" rowspan="1">~$0.01</td>
<td colspan="1" rowspan="1">~$0.00</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Income tax adjustments related to the reconciling items</td>
<td colspan="1" rowspan="1">($0.52) – ($0.47)</td>
<td colspan="1" rowspan="1">~($0.12)</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Non-GAAP Earnings per share</td>
<td colspan="1" rowspan="1">$4.60 - $5.10</td>
<td colspan="1" rowspan="1">$0.90 - $1.00</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
</tbody>
</table>
</figure>
Mid-Term Targets
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">FY'25 Previous Target</td>
<td colspan="1" rowspan="1">FY'26 Previous Target</td>
<td colspan="2" rowspan="1">Target Growth Rate</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Constant currency ARR growth</td>
<td colspan="1" rowspan="1">Mid-teens %</td>
<td colspan="1" rowspan="1">Mid-teens %</td>
<td colspan="2" rowspan="1">Low double-digit %</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp; $ in millions</td>
<td colspan="1" rowspan="1">FY'25 Previous Targets</td>
<td colspan="1" rowspan="1">FY'26 Previous Targets</td>
<td colspan="1" rowspan="1">FY'25 Targets</td>
<td colspan="1" rowspan="1">FY'26 Targets</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Operating cash flow</td>
<td colspan="1" rowspan="1">$850 - $900</td>
<td colspan="1" rowspan="1">~$1,025</td>
<td colspan="1" rowspan="1">$850 - $900</td>
<td colspan="1" rowspan="1">~$1,025</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Free cash flow1</td>
<td colspan="1" rowspan="1">$825 - $875</td>
<td colspan="1" rowspan="1">~$1,000</td>
<td colspan="1" rowspan="1">$825 - $875</td>
<td colspan="1" rowspan="1">~$1,000</td>
</tr>
</tbody>
</table>
</figure><figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">1 Assumes capital expenditures of approximately $25 million.</td>
</tr>
</tbody>
</table>
</figure>
FY'24 financial guidance includes the following assumptions:
<ul>
<li>We provide ARR guidance on a constant currency basis, using our FY'24 Plan foreign exchange rates (rates as of September 30, 2023) for all periods. Foreign exchange rate fluctuations during the first half of FY'24 had a $14 million favorable impact on our Q2'24 reported ARR, compared to our Q2'24 constant currency ARR. Using foreign exchange rates as of the end of Q2'24 and assuming the midpoint of our constant currency guidance ranges:
<ul>
<li>Q3'24 reported ARR would be higher by approximately $14 million, compared to Q3'24 constant currency ARR guidance; and</li>
<li>FY'24 reported ARR would be higher by approximately $15 million, compared to FY'24 constant currency ARR guidance.</li>
</ul>
</li>
<li>We expect churn to remain low.</li>
<li>For cash flow, due to invoicing and payments seasonality, and consistent with the past 3 years, we expect the majority of our collections to occur in the first half of our fiscal year and for fiscal Q4 to be our lowest cash flow generation quarter.</li>
<li>Compared to FY'23, at the midpoint of FY'24 ARR guidance, FY'24 GAAP operating expenses are expected to increase approximately 6%, and FY'24 non-GAAP operating expenses are expected to increase approximately 8%, primarily due to investments to drive future growth, the acquisition of ServiceMax, and foreign exchange rate fluctuations.</li>
<li>FY'24 GAAP P&amp;L results are expected to include the items below, totaling approximately $285 million to $315 million, as well as their related tax effects:
<ul>
<li>approximately $200 million to $230 million of stock-based compensation expense,</li>
<li>approximately $81 million of intangible asset amortization expense,</li>
<li>approximately $2 million, net, related to acquisition and transaction-related expense and a restructuring credit, and</li>
<li>approximately $2 million of other non-operating expenses, related to an impairment loss on an available-for-sale debt security.</li>
</ul>
</li>
<li>Our FY'24 GAAP and non-GAAP tax rates are expected to be approximately 20%.</li>
<li>Cash tax payments are expected to be approximately $80 million in FY'24.</li>
<li>Capital expenditures are expected to be approximately $20 million in FY'24.</li>
<li>Cash interest payments are expected to be approximately $135 million in FY'24.</li>
<li>Our long-term goal, assuming our Debt/EBITDA ratio is below 3x, is to return approximately 50% of our free cash flow to shareholders via share repurchases, while also taking into consideration the interest rate environment and strategic opportunities.
<ul>
<li>We expect to prioritize paying down our debt in FY'24.</li>
<li>We expect gross debt of approximately $1.7 billion at the end of FY'24.</li>
<li>We expect our fully diluted share count to increase by approximately 1.5 million in FY'24.</li>
</ul>
</li>
</ul>

PTC Sees Q3 EPS $0.90-$1.00 Vs $1.21 Est.; Revenue $525M-$540M Vs $584.42M Est.; FY24 EPS $4.60-$5.10 Vs $4.94 Est.; Revenue $2.20B-$2.24B Vs $2.32B Est.

Ansys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANSS#NASDAQ">ANSS</a>) reported quarterly earnings of $1.39 per share which missed the analyst consensus estimate of $1.91 by 27.23 percent. The company reported quarterly sales of $466.60 million which missed the analyst consensus estimate of $549.38 million by 15.07 percent. This is a 8.41 percent decrease over sales of $509.45 million the same period last year.

ANSS

Ansys Q1 2024 Adj EPS $1.39 Misses $1.91 Estimate, Sales $466.60M Miss $549.38M Estimate

American Water Affirms FY24 EPS $5.20-$5.30 Vs $5.24 Est.

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CORT

Corcept Therapeutics shares are trading higher after the company reported better-than-expected Q1 financial results and increased FY24 revenue guidance above estimates.

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Marathon Oil Q1 2024 Adj EPS $0.55 Beats $0.54 Estimate, Sales $1.551B Miss $1.566B Estimate

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According to <a href="https://www.travelandleisure.com/amex-travel-2024-global-travel-trends-report-8607859">Travel + Leisure magazine</a>, the &ldquo;Demand for premium travel continues at a torrid pace in 2024.&rdquo; Indeed, most respondents to a poll conducted in seven countries, including America, Mexico and the UK, reported that they are planning huge trips this year. 



Conducted by American Express (NYSE:<a href="https://investorplace.com/stock-quotes/axp-stock-quote/">AXP</a>), the survey also found that 84% of the respondents intend &ldquo;to spend more or the same amount of money on travel in 2024&rdquo; as they did last year. Moreover, international travel remains very popular. 



Another big trend is traveling to attend sporting events in cities like Paris, where the Olympics will be held and New York City, where, as usual, the U.S. Open tennis tournament will occur. On the other hand, the <a href="https://www.travelagewest.com/Industry-Insight/Business-Features/spring-travel-trends-2024">cost of traveling is reportedly </a>surging. Still, amid the strong economy in the U.S. and many other nations, that shouldn&rsquo;t be too much of an obstacle. Here are three top <a href="https://investorplace.com/industries/consumer-discretionary/travel/">travel stocks</a> that are well-positioned to rally this summer.



<h2>Delta Air Lines (DAL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/09/dal1600-300x169.jpg" alt="Delta (DAL) airlines plane mid take-off"><div>Source: Markus Mainka / Shutterstock.com</div></div>Delta Air Lines (NYSE:<a href="https://investorplace.com/stock-quotes/dal-stock-quote/">DAL</a>) <a href="https://seekingalpha.com/news/4088471-delta-air-lines-non-gaap-eps-of-0_45-beats-0_08-revenue-of-13_75b-beats-890m">reported strong</a> first-quarter results and provided solid full-year guidance, while its valuation remains very low. And since Delta <a href="https://www.delta.com/us/en/travel-planning-center/find-your-destination/route-map">offers many overseas flights,</a> it&rsquo;s well-positioned to benefit from the continued strong overseas travel trends that I mentioned in the introduction. The airline&rsquo;s Q1 operating income came in at $614 million versus an operating loss of $277 million during the same period a year earlier. Moreover, its operating revenue jumped 8% year-over-year to $13.75 billion and its operating cash flow also advanced an impressive 8% year over year to an impressive $2.4 billion.



For the full year, DAL expects to generate earnings per share of $6 to $7. Based on the midpoint of the guidance range, its<a href="https://finance.yahoo.com/quote/DAL/key-statistics"> forward price-earnings</a> ratio is 7.4 times, which is quite low and attractive.



<h2>MakeMyTrip (MMYT)</h2>



<div><img width="300" height="165" src="https://investorplace.com/wp-content/uploads/2017/02/mmytmsn-300x165.jpg" alt=""><div>Source: Shutterstock</div></div>MakeMyTrip (NASDAQ:<a href="https://investorplace.com/stock-quotes/mmyt-stock-quote/">MMYT</a>) is India&rsquo;s leading online travel agency. In other words, it&rsquo;s the Asian country&rsquo;s version of Booking.com (NASDAQ:<a href="https://investorplace.com/stock-quotes/bkng-stock-quote/">BKNG</a>). Indeed, MMYT has a huge 54% share of the Indian OTA market, The Hindu Business Line reported last year, according to Seeking Alpha columnist The Value Pendulum. 



As I&rsquo;ve noted previously, the Indian economy is quite strong, as the country&rsquo;s GDP is expected by the International Monetary Fund (IMF) to <a href="https://www.imf.org/en/Countries/IND">expand by a large 6.8%</a> this year. Moreover, the company will benefit <a href="https://skift.com/2024/01/09/is-the-world-ready-to-meet-the-indian-middle-class-megatrends-2024/#:~:text=This%20group%20in%20India%20grew,2031%20and%2060%25%20by%202047.">from the rapid growth of the country&rsquo;s</a> middle class. Further, with over 60% of the country&rsquo;s travel still being booked offline, MMYT is likely to grow tremendously in tandem with the nation&rsquo;s online travel sector.



Analysts, on average, <a href="https://finance.yahoo.com/quote/MMYT/analysis">expect its earnings</a> per share to jump to 87 cents this year and $1.32 in 2025, versus a per share loss of 8 cents in 2023.



<h2>Hilton Worldwide Holdings (HLT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/04/hlt1600-300x169.jpg" alt="the sign in front of a Hilton (HLT) hotel"><div>Source: josefkubes / Shutterstock.com</div></div>Like Delta, Hilton Worldwide Holdings (NYSE:<a href="https://investorplace.com/stock-quotes/hlt-stock-quote/">HLT</a>) recently reported very strong results. That indicates it is benefiting a great deal from the continued, powerful travel trends.



Specifically, its top <a href="https://seekingalpha.com/news/4093034-hilton-worldwide-rallies-after-earnings-topper-development-update">line jumped 12%</a> versus the same period a year earlier to $2.57 billion. Revenue per available room (RevPAR), excluding currency fluctuations, climbed 2% year-over-year. Also importantly, its earnings per share advanced to $1.53 from $1.24. Analysts, on average, were expecting its EPS to come in at $1.42, so it easily beat the mean estimate.



For all of 2024, Hilton expects its comparable&nbsp;revenue per available room to rise another 2% to 4%. The firm believes its revenue per available room growth is likely to accelerate this year versus Q4 of 2023. Analysts, on average, <a href="https://finance.yahoo.com/quote/HLT/analysis">expect its</a> EPS to jump to $7.10 this year from $6.21 in 2023.



Bill Ackman&rsquo;s company, Pershing Square, <a href="https://seekingalpha.com/article/4680167-hilton-stock-industry-trends-driving-robust-earnings-growth">called HLT </a>&ldquo;a high-quality, asset-light, high-margin business with significant long-term growth potential.&rdquo; Pershing added that the lodging sector&rsquo;s &ldquo;near-term industry trends remain favorable.&rdquo;



On the date of publication, Larry Ramer&rsquo;s wife held a long position in AXP. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Larry Ramer has conducted research and written articles on U.S. stocks for 15 years. He has been employed by The Fly and Israel&rsquo;s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been SMCI, INTC, and MGM. You can reach him on Stocktwits at @larryramer.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/vacation-bound-3-travel-stocks-set-to-surge-this-summer/">Vacation-Bound: 3 Travel Stocks Set to Surge This Summer</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Vacation-Bound: 3 Travel Stocks Set to Surge This Summer

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