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Based in Seattle, Washington, Expedia Group, Inc. (EXPE) is a global travel and hospitality industry leader. It is renowned for its extensive portfolio of brands and services, including Expedia, Hotels.com, Vrbo, and Travelocity. With a market cap of $19.04 billion, Expedia is recognized for its innovation, user-friendly platforms, and commitment to providing seamless travel experiences. EXPE is scheduled to announce its fiscal Q2 earnings results after the market closes on Thursday, Aug. 8.
Ahead of the event, analysts expect EXPE to report a profit of $2.54 per share, up 8.6% from $2.34 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports.
Expedia's adjusted loss of $0.39 per share for the last reported quarter surpassed the consensus estimate by 59.4%. Solid revenue and EBITDA growth drove Expedia's quarterly performance despite weaker gross bookings and challenges with Vrbo's integration.
For fiscal 2024, analysts expect EXPE to report EPS of $9.34, up 25.5% from $7.44 in fiscal 2023.
EXPE stock is down 7.8% on a YTD basis, underperforming the broader S&P 500 Index's ($SPX) 18.8% gains and the Vanguard Consumer Discretionary Index Fund ETF’s (VCR) 9% returns over the same time frame.
EXPE reported Q1 earnings on May 2. Revenue for the period was $2.89 billion, exceeding analysts' forecasts of $2.80 million. The stock dropped 13.4% after posting solid Q1 results, primarily due to the disappointing guidance for Q2, indicating slower growth ahead.
The consensus opinion on EXPE stock is optimistic, with an overall “Moderate Buy” rating. Out of 28 analysts covering the stock, eight advise a “Strong Buy” rating, one suggests a “Moderate Buy” rating, and 19 recommend a “Hold.” EXPE's average analyst price target is $145.76, indicating a potential upside of 4.3% from the current levels.
On the date of publication, Rashmi Kumari did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
