Analysts Anticipate Expedia Group, Inc. (NASDAQ:EXPE) Will Post Quarterly Sales of $3.06 Billion

Analysts expect Expedia Group, Inc. (NASDAQ:EXPEGet Rating) to report sales of $3.06 billion for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for Expedia Group’s earnings, with the highest sales estimate coming in at $3.35 billion and the lowest estimate coming in at $2.85 billion. Expedia Group posted sales of $2.11 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 45%. The company is expected to report its next earnings report on Monday, January 1st.

On average, analysts expect that Expedia Group will report full year sales of $11.76 billion for the current fiscal year, with estimates ranging from $11.18 billion to $12.66 billion. For the next year, analysts expect that the firm will report sales of $13.77 billion, with estimates ranging from $12.78 billion to $15.18 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Expedia Group.

Expedia Group (NASDAQ:EXPEGet Rating) last posted its quarterly earnings data on Monday, May 2nd. The online travel company reported ($0.93) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.69) by ($0.24). Expedia Group had a net margin of 4.87% and a return on equity of 11.93%. The business had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same quarter last year, the business earned ($2.59) earnings per share.

EXPE has been the topic of a number of recent research reports. BTIG Research lifted their price objective on shares of Expedia Group from $200.00 to $235.00 and gave the company a “buy” rating in a report on Friday, February 11th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Expedia Group from $218.00 to $235.00 in a report on Tuesday, May 3rd. UBS Group raised their target price on shares of Expedia Group from $171.00 to $183.00 and gave the company a “neutral” rating in a research note on Friday, February 11th. Credit Suisse Group decreased their target price on shares of Expedia Group from $231.00 to $225.00 in a research note on Tuesday, May 3rd. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $205.00 target price on shares of Expedia Group in a research note on Tuesday, May 3rd. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $209.40.

NASDAQ EXPE opened at $123.73 on Thursday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 2.16. Expedia Group has a 12-month low of $115.76 and a 12-month high of $217.72. The company has a market capitalization of $19.44 billion, a PE ratio of 106.66, a price-to-earnings-growth ratio of 1.68 and a beta of 1.51. The firm’s 50 day moving average is $167.67 and its 200-day moving average is $176.04.

In other news, CEO Peter M. Kern purchased 6,000 shares of Expedia Group stock in a transaction dated Monday, March 7th. The shares were bought 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 at this hyperlink. Also, CAO Lance A. Soliday sold 376 shares of the business’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $124.12, for a total value of $46,669.12. Following the sale, the chief accounting officer now owns 8,949 shares in the company, valued at $1,110,749.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,376 shares of company stock valued at $6,741,869. Insiders own 5.00% of the company’s stock.

A number of hedge funds have recently made changes to their positions in EXPE. Selective Wealth Management Inc. bought a new stake in Expedia Group in the fourth quarter valued at approximately $27,000. Lindbrook Capital LLC raised its position 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 purchasing an additional 84 shares during the period. MCF Advisors LLC acquired a new position in shares of Expedia Group during the first quarter worth approximately $28,000. FNY Investment Advisers LLC acquired a new position in shares of Expedia Group during the first quarter worth approximately $29,000. Finally, Ancora Advisors LLC raised its position in Expedia Group by 49.7% in the 3rd quarter. Ancora Advisors LLC now owns 214 shares of the online travel company’s stock valued at $35,000 after buying an additional 71 shares during the last quarter. Institutional investors and hedge funds own 96.08% of the company’s stock.

Expedia Group Company Profile (Get Rating)

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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