Expedia Group, Inc. (NASDAQ:EXPE) is expected to report quarterly sales of $2.27 billion
Analysts expect Expedia Group, Inc. (NASDAQ: EXPE – Get a rating) to show $2.27 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Eight analysts provided earnings estimates for Expedia Group, with estimates ranging from $2.13 billion to $2.43 billion. Expedia Group reported sales of $1.25 billion in the same quarter last year, suggesting a positive year-over-year growth rate of 81.6%. The company is expected to announce its next earnings report after the market closes on Monday, January 1.
On average, analysts expect Expedia Group to report annual sales of $11.75 billion for the current year, with estimates ranging from $10.70 billion to $12.61 billion. . For the next fiscal year, analysts expect the company to post sales of $13.78 billion, with estimates ranging from $12.44 billion to $14.92 billion. Zacks Investment Research sales calculations are an average based on a survey of analysts who track Expedia Group.
Expedia Group (NASDAQ: EXPE – Get a rating) last released its quarterly earnings data on Thursday, February 10. The online travel company reported EPS of $0.58 for the quarter, beating the Zacks consensus estimate of $0.54 by $0.04. The company posted revenue of $2.28 billion for the quarter, versus $2.30 billion expected by analysts. Expedia Group achieved a net margin of 0.14% and a return on equity of 5.96%. The company’s revenue increased 147.7% year over year. During the same period of the previous year, the company achieved EPS of ($2.92).
Several brokerages have recently weighed in on EXPE. UBS Group raised its price target on Expedia Group shares from $171.00 to $183.00 and gave the stock a “neutral” rating in a Friday, Feb. 11 report. Morgan Stanley raised its price target on Expedia Group shares from $200.00 to $215.00 and gave the company an “equal weight” rating in a research report on Thursday, Feb. 24. Credit Suisse Group raised its price target on Expedia Group shares from $205.00 to $231.00 and gave the stock an “outperform” rating in a Friday, Feb. 11 research report. Redburn Partners downgraded Expedia Group shares from a “buy” rating to a “neutral” rating in a Friday, April 8 research report. Finally, Bank of America raised its price target on Expedia Group shares from $220.00 to $226.00 and gave the stock a “buy” rating in a report on Friday, February 11. One research analyst rated the stock with a sell rating, fifteen assigned a hold rating and twelve assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $208.78.
Separately, insider Robert J. Dzielak sold 45,891 shares of the company in a trade on Tuesday, February 15. The stock was sold at an average price of $209.85, for a total transaction of $9,630,226.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, available at the SEC website. Also, director Dara Khosrowshahi sold 20,000 shares of the company in a trade on Friday, April 1. The stock was sold at an average price of $198.29, for a total value of $3,965,800.00. Disclosure of this sale can be found here. During the last quarter, insiders sold 128,475 shares of the company valued at $25,721,173. Company insiders hold 5.00% of the company’s shares.
Several institutional investors have recently bought and sold shares of the company. D1 Capital Partners LP increased its stake in Expedia Group by 10.5% in the fourth quarter. D1 Capital Partners LP now owns 12,683,542 shares of the online travel company worth $2,292,170,000 after buying an additional 1,200,900 shares last quarter. BlackRock Inc. increased its stake in Expedia Group by 4.8% in the fourth quarter. BlackRock Inc. now owns 10,220,557 shares of the online travel company worth $1,847,057,000 after buying an additional 469,338 shares last quarter. State Street Corp increased its stake in Expedia Group by 4.7% in the fourth quarter. State Street Corp now owns 5,820,781 shares of the online travel company worth $1,051,932,000 after buying an additional 262,865 shares last quarter. Par Capital Management Inc. increased its stake in Expedia Group by 5.6% in the third quarter. Per Capital Management Inc. now owns 4,056,066 shares of the online travel company worth $664,789,000 after buying an additional 214,952 shares last quarter. Finally, Geode Capital Management LLC increased its stake in Expedia Group by 5.5% in the 4th quarter. Geode Capital Management LLC now owns 2,769,044 shares of the online travel company worth $499,177,000 after buying an additional 145,493 shares last quarter. 97.04% of the shares are held by institutional investors.
NASDAQ: EXPE opened at $187.33 on Thursday. The company has a market capitalization of $29.18 billion, a price-earnings ratio of -84.00, a growth price-earnings ratio of 1.78 and a beta of 1.53. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt ratio of 2.17. The company’s 50-day moving average is $190.75 and its two-hundred-day moving average is $178.93. Expedia Group has a 12-month low of $136.77 and a 12-month high of $217.72.
About Expedia Group (Get a rating)
Expedia Group, Inc. operates as an online travel agency in the United States and internationally. The Company operates through Retail, B2B and trivago segments. Its brand portfolio includes Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for the marketing and distribution of accommodation; Vrbo, an online marketplace for alternative accommodation; Orbitz, Travelocity and CheapTickets travel websites; ebookers, an EMEA online travel agency offering travelers a range of travel options; Hotwire, which offers travel reservation services; CarRentals.com, an online car rental reservation service; Classic Vacations, a luxury travel specialist; and Expedia Cruise, an advice provider for travelers booking cruises.
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
Get news and reviews for Expedia Group Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Expedia Group and related companies with MarketBeat.com’s free daily email newsletter.