Wall Street brokerages expect Expedia Group, Inc. (NASDAQ:EXPE) to announce earnings per share (EPS) of ($0.80) for the current quarter, Zacks reports. Eight analysts have provided estimates for Expedia Group’s earnings, with the lowest EPS estimate coming in at ($2.93) and the highest estimate coming in at $0.27. Expedia Group posted earnings of ($4.09) per share during the same quarter last year, which would indicate a positive year over year growth rate of 80.4%. The firm is expected to announce its next quarterly earnings results on Thursday, July 29th.
On average, analysts expect that Expedia Group will report full year earnings of ($0.56) per share for the current financial year, with EPS estimates ranging from ($5.20) to $1.62. For the next year, analysts forecast that the company will post earnings of $5.74 per share, with EPS estimates ranging from ($0.58) to $8.48. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that follow Expedia Group.
Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, May 6th. The online travel company reported ($2.02) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($2.86) by $0.84. Expedia Group had a negative return on equity of 46.51% and a negative net margin of 44.59%. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the firm posted ($1.83) EPS. The business’s revenue was down 43.6% on a year-over-year basis.
A number of research firms recently weighed in on EXPE. Piper Sandler raised their price target on Expedia Group from $159.00 to $185.00 and gave the company a “neutral” rating in a report on Friday, May 7th. Mizuho increased their price objective on Expedia Group from $135.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, May 7th. Gordon Haskett initiated coverage on Expedia Group in a research report on Tuesday, March 30th. They issued a “buy” rating and a $211.00 price objective on the stock. Morgan Stanley increased their price objective on Expedia Group from $160.00 to $200.00 and gave the company an “equal weight” rating in a research report on Thursday, March 25th. Finally, Credit Suisse Group raised their price target on Expedia Group from $168.00 to $198.00 and gave the stock an “outperform” rating in a research report on Friday, May 7th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and fifteen have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $169.83.
EXPE stock traded up $2.00 during midday trading on Friday, reaching $168.93. 19,276 shares of the company’s stock traded hands, compared to its average volume of 2,929,925. The business has a 50-day moving average of $171.92. Expedia Group has a 1-year low of $75.75 and a 1-year high of $187.93. The stock has a market cap of $24.83 billion, a P/E ratio of -12.04 and a beta of 1.76. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 3.15.
In other news, insider Robert J. Dzielak sold 65,000 shares of the company’s stock in a transaction on Monday, May 24th. The shares were sold at an average price of $172.00, for a total transaction of $11,180,000.00. Following the completion of the transaction, the insider now directly owns 107,315 shares in the company, valued at $18,458,180. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan C. Athey sold 1,462 shares of the company’s stock in a transaction on Monday, April 5th. The stock was sold at an average price of $177.66, for a total transaction of $259,738.92. Following the transaction, the director now owns 1,992 shares of the company’s stock, valued at $353,898.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 120,931 shares of company stock worth $20,699,263. Company insiders own 2.20% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its stake in shares of Expedia Group by 1,400.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,597,728 shares of the online travel company’s stock worth $619,241,000 after purchasing an additional 3,357,964 shares during the last quarter. D1 Capital Partners L.P. increased its stake in shares of Expedia Group by 30.6% during the 4th quarter. D1 Capital Partners L.P. now owns 12,107,561 shares of the online travel company’s stock worth $1,603,041,000 after purchasing an additional 2,839,689 shares during the last quarter. Allianz Asset Management GmbH increased its stake in shares of Expedia Group by 437.2% during the 1st quarter. Allianz Asset Management GmbH now owns 1,299,506 shares of the online travel company’s stock worth $223,671,000 after purchasing an additional 1,057,595 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Expedia Group by 262.0% during the 1st quarter. Royal Bank of Canada now owns 1,233,685 shares of the online travel company’s stock worth $212,342,000 after purchasing an additional 892,911 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Expedia Group during the 4th quarter worth approximately $106,210,000. 92.97% of the stock is currently owned by institutional investors.
About Expedia Group
Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through Retail, B2B, and trivago segments. Its brand portfolio include Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for marketing and distributing lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, and CheapTickets travel websites; ebookers, an online EMEA travel agent for travelers an array of travel options; Hotwire, which offers travel booking services; CarRentals.com, an online car rental booking service; Classic Vacations, a luxury travel specialist; and Expedia Cruise, a provider of advice for travelers booking cruises.
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