Zacks: Analysts Anticipate Expedia Group, Inc. (NASDAQ:EXPE) to Announce -$0.21 EPS

Wall Street analysts forecast that Expedia Group, Inc. (NASDAQ:EXPEGet Rating) will report earnings per share (EPS) of ($0.21) for the current fiscal quarter, according to Zacks. Eight analysts have made estimates for Expedia Group’s earnings, with estimates ranging from ($0.77) to $0.86. Expedia Group posted earnings per share of ($2.02) in the same quarter last year, which indicates a positive year-over-year growth rate of 89.6%. The business is expected to report its next earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Expedia Group will report full year earnings of $7.71 per share for the current fiscal year, with EPS estimates ranging from $6.07 to $11.93. For the next financial year, analysts expect that the company will report earnings of $10.57 per share, with EPS estimates ranging from $9.79 to $11.40. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Expedia Group.

Expedia Group (NASDAQ:EXPEGet Rating) last announced its earnings results on Thursday, February 10th. The online travel company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. The firm had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Expedia Group had a return on equity of 5.96% and a net margin of 0.14%. The business’s revenue was up 147.7% on a year-over-year basis. During the same period in the prior year, the firm earned ($2.92) EPS.

EXPE has been the subject of several analyst reports. Benchmark upped their price objective on Expedia Group from $220.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, February 11th. Bank of America raised their price objective on Expedia Group from $220.00 to $226.00 and gave the company a “buy” rating in a research note on Friday, February 11th. Citigroup raised their price objective on Expedia Group from $190.00 to $198.00 and gave the company a “neutral” rating in a research note on Tuesday, February 15th. Truist Financial raised their price target on Expedia Group from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, February 11th. Finally, The Goldman Sachs Group raised their price target on Expedia Group from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, February 11th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $208.78.

EXPE traded up $2.57 on Tuesday, hitting $179.87. 24,758 shares of the company traded hands, compared to its average volume of 2,658,613. The company has a 50 day moving average of $190.81 and a 200-day moving average of $178.88. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.17. The stock has a market capitalization of $28.01 billion, a PE ratio of -80.74, a PEG ratio of 1.78 and a beta of 1.53. Expedia Group has a 12-month low of $136.77 and a 12-month high of $217.72.

In other news, CEO Peter M. Kern acquired 6,000 shares of the firm’s stock in a transaction that occurred on Monday, March 7th. The stock was purchased at an average cost of $167.79 per share, for a total transaction of $1,006,740.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert J. Dzielak sold 4,175 shares of Expedia Group stock in a transaction dated Thursday, January 13th. The shares were sold at an average price of $190.03, for a total value of $793,375.25. The disclosure for this sale can be found here. Insiders have sold 132,650 shares of company stock valued at $26,514,549 over the last ninety days. 5.00% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the business. Selective Wealth Management Inc. bought a new position in Expedia Group in the fourth quarter worth about $27,000. Lindbrook Capital LLC grew its stake in shares of Expedia Group by 116.7% during the fourth quarter. Lindbrook Capital LLC now owns 156 shares of the online travel company’s stock worth $28,000 after acquiring an additional 84 shares during the last quarter. Ancora Advisors LLC grew its stake in shares of Expedia Group by 49.7% during the third quarter. Ancora Advisors LLC now owns 214 shares of the online travel company’s stock worth $35,000 after acquiring an additional 71 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Expedia Group by 41.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 197 shares of the online travel company’s stock worth $36,000 after acquiring an additional 58 shares during the last quarter. Finally, Raleigh Capital Management Inc. purchased a new stake in shares of Expedia Group during the fourth quarter worth about $36,000. Institutional investors and hedge funds own 97.04% of the company’s stock.

Expedia Group Company Profile (Get Rating)

Expedia Group, Inc is an online travel company, which engages in the provision of travel products and services to leisure and corporate travelers. It operates through the following business segments: Retail, B2B and trivago. The Retail segment provides a full range of travel and advertising services to worldwide customers through a variety of consumer brands including: Expedia.com and Hotels.com.

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Earnings History and Estimates for Expedia Group (NASDAQ:EXPE)

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