Analysts Anticipate Expedia Group Inc (NASDAQ:EXPE) Will Announce Earnings of -$1.29 Per Share

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Analysts forecast that Expedia Group Inc (NASDAQ:EXPE) will announce earnings of ($1.29) per share for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Expedia Group’s earnings, with estimates ranging from ($1.84) to ($0.03). Expedia Group reported earnings per share of $1.77 in the same quarter last year, which suggests a negative year-over-year growth rate of 172.9%. The business is scheduled to announce its next quarterly earnings results on Thursday, July 23rd.

On average, analysts expect that Expedia Group will report full year earnings of ($5.81) per share for the current year, with EPS estimates ranging from ($13.14) to ($3.25). For the next fiscal year, analysts forecast that the company will report earnings of $2.13 per share, with EPS estimates ranging from ($0.54) to $3.74. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Expedia Group.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Wednesday, May 20th. The online travel company reported ($1.83) EPS for the quarter, missing analysts’ consensus estimates of ($1.58) by ($0.25). Expedia Group had a negative net margin of 5.43% and a positive return on equity of 10.14%. The business had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same period in the previous year, the company posted ($0.27) earnings per share. Expedia Group’s quarterly revenue was down 15.3% on a year-over-year basis.

A number of equities research analysts have recently commented on the stock. Raymond James reduced their target price on shares of Expedia Group from $136.00 to $80.00 and set an “outperform” rating for the company in a report on Wednesday, April 29th. Barclays upped their target price on shares of Expedia Group from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. Wells Fargo & Co reiterated a “hold” rating on shares of Expedia Group in a research note on Monday, March 23rd. Deutsche Bank boosted their price target on shares of Expedia Group from $87.00 to $112.00 and gave the stock a “buy” rating in a research note on Tuesday, May 19th. Finally, Bank of America reiterated a “hold” rating and set a $92.00 price target on shares of Expedia Group in a research note on Thursday, May 21st. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating and thirteen have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $101.69.

Shares of NASDAQ:EXPE opened at $82.20 on Friday. The company has a 50-day simple moving average of $80.25 and a 200-day simple moving average of $87.71. Expedia Group has a one year low of $40.76 and a one year high of $144.00. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market capitalization of $11.65 billion, a price-to-earnings ratio of -17.13 and a beta of 1.55.

In other news, Director Dara Khosrowshahi sold 100,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $84.45, for a total value of $8,445,000.00. Following the sale, the director now directly owns 426,977 shares in the company, valued at $36,058,207.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert J. Dzielak sold 2,575 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $88.72, for a total transaction of $228,454.00. Following the completion of the sale, the insider now owns 32,663 shares in the company, valued at $2,897,861.36. The disclosure for this sale can be found here. 2.20% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in EXPE. FMR LLC lifted its stake in shares of Expedia Group by 17.4% during the fourth quarter. FMR LLC now owns 677,329 shares of the online travel company’s stock valued at $73,247,000 after buying an additional 100,382 shares during the period. Cetera Advisors LLC purchased a new position in shares of Expedia Group during the fourth quarter valued at approximately $216,000. Korea Investment CORP lifted its stake in shares of Expedia Group by 2.6% during the fourth quarter. Korea Investment CORP now owns 19,400 shares of the online travel company’s stock valued at $2,098,000 after buying an additional 500 shares during the period. CI Investments Inc. lifted its stake in shares of Expedia Group by 8.5% during the fourth quarter. CI Investments Inc. now owns 582,998 shares of the online travel company’s stock valued at $63,045,000 after buying an additional 45,600 shares during the period. Finally, MUFG Securities EMEA plc lifted its stake in shares of Expedia Group by 640.5% during the fourth quarter. MUFG Securities EMEA plc now owns 110,139 shares of the online travel company’s stock valued at $11,910,000 after buying an additional 95,265 shares during the period. 95.32% of the stock is currently owned by institutional investors and hedge funds.

About Expedia Group

Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, alternative accommodations, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.

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