Expedia (EXPE) To Report Earnings Tomorrow: Here Is What To Expect
Stock Story
Published Feb 07, 2024 02:01AM ET
Updated Feb 07, 2024 07:02AM ET
Expedia (EXPE) To Report Earnings Tomorrow: Here Is What To Expect
Online travel agency Expedia (NASDAQ:EXPE) will be reporting results tomorrow after market hours. Here's what investors should know.
Last quarter Expedia reported revenues of $3.93 billion, up 8.6% year on year, beating analyst revenue expectations by 1.9%. It was a mixed quarter for the company, with a decent beat of analysts' revenue estimates but slow revenue growth. The company reported 89.3 million nights booked, up 9.4% year on year.
Is Expedia buy or sell heading into the earnings? Find out by reading the original article on StockStory.
This quarter analysts are expecting Expedia's revenue to grow 9.9% year on year to $2.88 billion, slowing down from the 14.9% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.70 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates four times over the last two years.
Looking at Expedia's peers in the consumer internet segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Snap delivered top-line growth of 4.7% year on year, missing analyst estimates by 1.5% and Netflix (NASDAQ:NFLX) reported revenues up 12.5% year on year, exceeding estimates by 1.4%. Netflix was up 4.4% on the results, and Snap was down 29.5%.
Read the full analysis of Snap's and Netflix's results on StockStory.
Investors in the consumer internet segment have had steady hands going into the earnings, with the stocks down on average 0.4% over the last month. Expedia is up 0.9% during the same time, and is heading into the earnings with analyst price target of $159.5, compared to share price of $154.1.
The author has no position in any of the stocks mentioned.
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