Equities Analysts Set Expectations for Expedia Group, Inc.’s Q2 2022 Earnings (NASDAQ:EXPE)

Expedia Group, Inc. (NASDAQ:EXPEGet Rating) – Research analysts at Jefferies Financial Group cut their Q2 2022 earnings per share (EPS) estimates for shares of Expedia Group in a research report issued to clients and investors on Monday, August 1st. Jefferies Financial Group analyst J. Colantuoni now anticipates that the online travel company will post earnings per share of $0.90 for the quarter, down from their prior estimate of $0.97. The consensus estimate for Expedia Group’s current full-year earnings is $4.49 per share. Jefferies Financial Group also issued estimates for Expedia Group’s Q3 2022 earnings at $3.48 EPS, Q4 2022 earnings at $1.06 EPS, FY2022 earnings at $4.66 EPS and FY2023 earnings at $6.81 EPS.

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

EXPE has been the topic of several other research reports. JMP Securities reaffirmed a “mkt perform” rating on shares of Expedia Group in a research note on Wednesday, June 22nd. Evercore ISI lowered their target price on Expedia Group from $222.00 to $154.00 and set an “in-line” rating on the stock in a research note on Thursday, July 7th. Redburn Partners raised Expedia Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 18th. Citigroup lowered their target price on Expedia Group from $200.00 to $118.00 and set a “neutral” rating on the stock in a research note on Thursday, June 16th. Finally, UBS Group lowered their target price on Expedia Group from $183.00 to $108.00 and set a “neutral” rating on the stock in a research note on Monday. Fourteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Expedia Group has an average rating of “Hold” and an average price target of $184.63.

Expedia Group Trading Down 3.3 %

Shares of EXPE opened at $102.20 on Thursday. The business’s 50-day moving average price is $105.35 and its 200 day moving average price is $151.68. The stock has a market capitalization of $16.06 billion, a P/E ratio of 88.10, a P/E/G ratio of 1.65 and a beta of 1.60. Expedia Group has a 1-year low of $88.70 and a 1-year high of $217.72. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 2.16.

Insider Activity

In other news, CAO Lance A. Soliday sold 376 shares of the business’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $124.12, for a total transaction of $46,669.12. Following the sale, the chief accounting officer now directly owns 8,949 shares in the company, valued at $1,110,749.88. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.00% of the stock is currently owned by company insiders.

Institutional Trading of Expedia Group

Institutional investors and hedge funds have recently modified their holdings of the company. National Bank of Canada FI bought a new stake in Expedia Group in the fourth quarter valued at $199,000. Brown Advisory Inc. acquired a new position in shares of Expedia Group during the fourth quarter valued at $287,000. Illinois Municipal Retirement Fund lifted its stake in shares of Expedia Group by 26.8% during the fourth quarter. Illinois Municipal Retirement Fund now owns 5,663 shares of the online travel company’s stock valued at $1,023,000 after acquiring an additional 1,196 shares during the period. Yousif Capital Management LLC acquired a new position in shares of Expedia Group during the fourth quarter valued at $3,860,000. Finally, CWM LLC acquired a new position in Expedia Group in the fourth quarter valued at about $88,000. 96.08% of the stock is currently owned by institutional investors.

About Expedia Group

(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.

Further Reading

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

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