Expedia Group, Inc. (NASDAQ:EXPE) Expected to Post Quarterly Sales of $1.93 Billion

Wall Street analysts expect that Expedia Group, Inc. (NASDAQ:EXPE) will announce sales of $1.93 billion for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Expedia Group’s earnings. The lowest sales estimate is $1.49 billion and the highest is $2.36 billion. Expedia Group posted sales of $566.00 million in the same quarter last year, which suggests a positive year-over-year growth rate of 241%. The business is scheduled to issue its next earnings report on Thursday, July 29th.

On average, analysts expect that Expedia Group will report full-year sales of $8.15 billion for the current fiscal year, with estimates ranging from $7.31 billion to $8.95 billion. For the next financial year, analysts anticipate that the company will post sales of $11.38 billion, with estimates ranging from $10.41 billion to $13.74 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Expedia Group.

Expedia Group (NASDAQ:EXPE) last issued its earnings results on Thursday, May 6th. The online travel company reported ($2.02) EPS for the quarter, beating analysts’ consensus estimates of ($2.86) by $0.84. Expedia Group had a negative return on equity of 21.33% and a negative net margin of 30.64%. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the company posted ($1.83) earnings per share. Expedia Group’s revenue was down 43.6% on a year-over-year basis.

A number of brokerages have recently issued reports on EXPE. Zacks Investment Research upgraded Expedia Group from a “sell” rating to a “hold” rating and set a $154.00 price objective on the stock in a research note on Tuesday, February 9th. Argus raised shares of Expedia Group from a “hold” rating to a “buy” rating and set a $188.00 price target on the stock in a research report on Thursday, February 25th. DA Davidson lifted their price objective on shares of Expedia Group from $105.00 to $167.00 and gave the company a “neutral” rating in a research report on Monday, March 1st. UBS Group lifted their price target on Expedia Group from $150.00 to $165.00 and gave the stock a “neutral” rating in a report on Friday, May 7th. Finally, BTIG Research raised their target price on shares of Expedia Group from $180.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and fifteen have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $164.41.

Shares of NASDAQ:EXPE traded down $3.00 during midday trading on Friday, reaching $168.80. The company had a trading volume of 104,481 shares, compared to its average volume of 3,179,457. Expedia Group has a 1-year low of $70.74 and a 1-year high of $187.93. The stock has a market cap of $24.81 billion, a PE ratio of -11.00 and a beta of 1.74. The company has a quick ratio of 1.19, a current ratio of 1.20 and a debt-to-equity ratio of 2.84. The business’s 50 day moving average price is $174.18 and its 200 day moving average price is $146.48.

In related news, Director Susan C. Athey sold 1,462 shares of Expedia Group stock in a transaction dated Monday, April 5th. The stock was sold at an average price of $177.66, for a total value of $259,738.92. Following the sale, the director now directly owns 1,992 shares in the company, valued at approximately $353,898.72. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Lance A. Soliday sold 668 shares of the stock in a transaction that occurred on Wednesday, February 17th. The shares were sold at an average price of $146.52, for a total value of $97,875.36. Following the transaction, the chief accounting officer now directly owns 8,093 shares of the company’s stock, valued at approximately $1,185,786.36. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. D1 Capital Partners L.P. boosted its stake in shares of Expedia Group by 30.6% in the 4th quarter. D1 Capital Partners L.P. now owns 12,107,561 shares of the online travel company’s stock valued at $1,603,041,000 after buying an additional 2,839,689 shares during the period. BlackRock Inc. lifted its holdings in shares of Expedia Group by 6.0% during the first quarter. BlackRock Inc. now owns 9,444,270 shares of the online travel company’s stock worth $1,625,549,000 after purchasing an additional 536,478 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Expedia Group by 1,400.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,597,728 shares of the online travel company’s stock worth $619,241,000 after purchasing an additional 3,357,964 shares during the last quarter. Geode Capital Management LLC boosted its position in Expedia Group by 4.3% during the first quarter. Geode Capital Management LLC now owns 2,401,784 shares of the online travel company’s stock worth $412,311,000 after purchasing an additional 99,332 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Expedia Group by 20.2% in the first quarter. Bank of New York Mellon Corp now owns 1,912,999 shares of the online travel company’s stock valued at $329,265,000 after purchasing an additional 321,107 shares during the last quarter. 95.71% of the stock is owned by hedge funds and other institutional investors.

Expedia Group Company Profile

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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