-$0.35 Earnings Per Share Expected for Expedia Group Inc (EXPE) This Quarter

Wall Street analysts predict that Expedia Group Inc (NASDAQ:EXPE) will announce earnings per share of ($0.35) for the current fiscal quarter, according to Zacks. Eleven analysts have provided estimates for Expedia Group’s earnings. The highest EPS estimate is ($0.17) and the lowest is ($0.51). Expedia Group posted earnings per share of ($0.36) in the same quarter last year, which indicates a positive year over year growth rate of 2.8%. The firm is expected to report its next earnings results after the market closes on Thursday, May 2nd.

On average, analysts expect that Expedia Group will report full year earnings of $7.09 per share for the current financial year, with EPS estimates ranging from $6.69 to $7.81. For the next fiscal year, analysts expect that the firm will post earnings of $8.25 per share, with EPS estimates ranging from $7.53 to $9.55. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Expedia Group.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, February 7th. The online travel company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.50. Expedia Group had a net margin of 3.62% and a return on equity of 12.96%. The company had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter last year, the business posted $0.84 EPS. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis.

A number of equities research analysts recently weighed in on EXPE shares. Zacks Investment Research upgraded shares of Expedia Group from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a report on Monday, December 31st. BidaskClub lowered shares of Expedia Group from a “buy” rating to a “hold” rating in a report on Friday, January 4th. Goldman Sachs Group upgraded shares of Expedia Group from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $125.00 to $140.00 in a report on Friday, January 4th. Morgan Stanley lowered shares of Expedia Group from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $150.00 to $125.00 in a report on Wednesday, January 9th. Finally, Vertical Group started coverage on shares of Expedia Group in a report on Thursday, January 31st. They set a “positive” rating for the company. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-one have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $146.94.

EXPE traded up $2.54 on Friday, reaching $127.76. 1,834,057 shares of the company traded hands, compared to its average volume of 1,324,478. Expedia Group has a one year low of $108.11 and a one year high of $139.77. The firm has a market capitalization of $18.80 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 1.59 and a beta of 0.93. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.64 and a quick ratio of 0.64.

In other news, insider Mark D. Okerstrom sold 5,531 shares of Expedia Group stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $126.80, for a total value of $701,330.80. Following the transaction, the insider now owns 68,375 shares of the company’s stock, valued at approximately $8,669,950. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Lance A. Soliday sold 1,635 shares of Expedia Group stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $124.56, for a total transaction of $203,655.60. Following the completion of the transaction, the chief accounting officer now directly owns 6,644 shares in the company, valued at approximately $827,576.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 123,759 shares of company stock worth $15,794,981. Insiders own 20.96% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its position in shares of Expedia Group by 3.3% in the 4th quarter. BlackRock Inc. now owns 7,832,787 shares of the online travel company’s stock worth $882,363,000 after buying an additional 250,021 shares during the last quarter. TIAA CREF Investment Management LLC grew its position in Expedia Group by 4.7% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 3,379,276 shares of the online travel company’s stock worth $440,928,000 after purchasing an additional 152,165 shares during the last quarter. Geode Capital Management LLC grew its position in Expedia Group by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 1,558,162 shares of the online travel company’s stock worth $175,222,000 after purchasing an additional 104,159 shares during the last quarter. Northern Trust Corp grew its position in Expedia Group by 2.8% during the 4th quarter. Northern Trust Corp now owns 1,385,819 shares of the online travel company’s stock worth $156,112,000 after purchasing an additional 37,368 shares during the last quarter. Finally, Boston Partners grew its position in Expedia Group by 72.6% during the 4th quarter. Boston Partners now owns 1,321,220 shares of the online travel company’s stock worth $148,835,000 after purchasing an additional 555,640 shares during the last quarter. 79.88% of the stock is currently owned by hedge funds and other institutional investors.

Expedia Group Company Profile

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

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