$2.36 Billion in Sales Expected for Expedia, Inc. (EXPE) This Quarter
Equities research analysts expect Expedia, Inc. (NASDAQ:EXPE) to announce sales of $2.36 billion for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for Expedia’s earnings. The highest sales estimate is $2.42 billion and the lowest is $2.32 billion. Expedia posted sales of $2.09 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 12.9%. The firm is scheduled to announce its next earnings results after the market closes on Thursday, February 8th.
According to Zacks, analysts expect that Expedia will report full year sales of $2.36 billion for the current fiscal year, with estimates ranging from $10.03 billion to $10.26 billion. For the next financial year, analysts forecast that the firm will post sales of $11.37 billion per share, with estimates ranging from $10.92 billion to $11.89 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Expedia.
Several equities analysts recently issued reports on EXPE shares. Cowen set a $158.00 target price on Expedia and gave the company a “buy” rating in a research report on Thursday, October 12th. KeyCorp reissued a “buy” rating and issued a $178.00 target price on shares of Expedia in a research report on Tuesday, October 17th. SunTrust Banks reissued a “buy” rating and issued a $190.00 target price on shares of Expedia in a research report on Monday, October 23rd. Deutsche Bank reissued a “buy” rating and issued a $171.00 target price (down from $175.00) on shares of Expedia in a research report on Tuesday, October 24th. Finally, Bank of America lowered shares of Expedia from a “buy” rating to a “neutral” rating and set a $149.00 price target on the stock. in a report on Friday, October 27th. Nine research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $158.62.
Several hedge funds have recently bought and sold shares of EXPE. American Century Companies Inc. boosted its stake in shares of Expedia by 22.0% during the 3rd quarter. American Century Companies Inc. now owns 2,031,943 shares of the online travel company’s stock worth $292,478,000 after acquiring an additional 365,857 shares in the last quarter. Pictet Asset Management Ltd. boosted its stake in shares of Expedia by 79.0% during the 3rd quarter. Pictet Asset Management Ltd. now owns 632,779 shares of the online travel company’s stock worth $91,082,000 after acquiring an additional 279,312 shares in the last quarter. Artisan Partners Limited Partnership boosted its stake in shares of Expedia by 18.2% during the 3rd quarter. Artisan Partners Limited Partnership now owns 1,698,375 shares of the online travel company’s stock worth $244,464,000 after acquiring an additional 260,929 shares in the last quarter. Tremblant Capital Group purchased a new stake in shares of Expedia during the 3rd quarter worth about $37,197,000. Finally, Argent Capital Management LLC purchased a new stake in shares of Expedia during the 3rd quarter worth about $33,603,000. 83.84% of the stock is currently owned by institutional investors and hedge funds.
Expedia (NASDAQ:EXPE) opened at $126.64 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.72 and a quick ratio of 0.72. Expedia has a 12-month low of $115.55 and a 12-month high of $161.00. The stock has a market capitalization of $18,940.00, a price-to-earnings ratio of 50.06, a P/E/G ratio of 1.74 and a beta of 0.89.
ILLEGAL ACTIVITY WARNING: “$2.36 Billion in Sales Expected for Expedia, Inc. (EXPE) This Quarter” was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this report on another publication, it was stolen and republished in violation of U.S. and international trademark & copyright laws. The correct version of this report can be read at https://www.watchlistnews.com/2-36-billion-in-sales-expected-for-expedia-inc-expe-this-quarter/1843031.html.
Expedia, Inc is an online travel company. The Company operates through four segments: Core Online Travel Agencies (Core OTA), trivago, Egencia and HomeAway. The Company’s Core OTA segment provides a range of travel and advertising services to its customers across the world, through a range of brands, including Expedia.com and Hotels.com in the United States, and localized Expedia and Hotels.com Websites throughout the world, Orbitz.com, Expedia Affiliate Network, Hotwire.com, Travelocity, Wotif Group, CarRentals.com and Classic Vacations.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Expedia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expedia and related companies with MarketBeat.com's FREE daily email newsletter.