Zacks: Analysts Anticipate Expedia Group, Inc. (NASDAQ:EXPE) Will Announce Quarterly Sales of $2.77 Billion

Wall Street brokerages expect Expedia Group, Inc. (NASDAQ:EXPE) to report sales of $2.77 billion for the current quarter, Zacks reports. Seven analysts have made estimates for Expedia Group’s earnings, with estimates ranging from $2.62 billion to $3.02 billion. Expedia Group reported sales of $1.50 billion during the same quarter last year, which indicates a positive year over year growth rate of 84.7%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, November 3rd.

According to Zacks, analysts expect that Expedia Group will report full year sales of $8.39 billion for the current year, with estimates ranging from $8.17 billion to $8.62 billion. For the next year, analysts anticipate that the business will report sales of $11.80 billion, with estimates ranging from $11.31 billion to $12.89 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Expedia Group.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, August 5th. The online travel company reported ($1.77) EPS for the quarter, missing the consensus estimate of ($1.15) by ($0.62). Expedia Group had a negative net margin of 22.92% and a negative return on equity of 32.01%. The company had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.04 billion.

Several equities analysts have recently commented on EXPE shares. Barclays lowered their price target on shares of Expedia Group from $200.00 to $180.00 and set an “overweight” rating on the stock in a report on Friday, August 6th. Morgan Stanley decreased their price objective on shares of Expedia Group from $200.00 to $190.00 and set an “equal weight” rating for the company in a report on Friday, August 6th. JMP Securities cut shares of Expedia Group from an “outperform” rating to a “market perform” rating in a report on Friday, August 6th. The Goldman Sachs Group began coverage on shares of Expedia Group in a report on Monday. They issued a “buy” rating and a $185.00 price objective for the company. Finally, Truist decreased their price objective on shares of Expedia Group from $240.00 to $238.00 and set a “buy” rating for the company in a report on Friday, August 6th. Sixteen analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $176.62.

In related news, Director Jonathan L. Dolgen sold 4,000 shares of the stock in a transaction dated Tuesday, September 7th. The shares were sold at an average price of $144.56, for a total value of $578,240.00. Following the completion of the transaction, the director now owns 67,921 shares of the company’s stock, valued at $9,818,659.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dara Khosrowshahi sold 50,000 shares of the stock in a transaction dated Thursday, July 1st. The stock was sold at an average price of $166.63, for a total transaction of $8,331,500.00. Following the completion of the transaction, the director now directly owns 382,112 shares of the company’s stock, valued at approximately $63,671,322.56. The disclosure for this sale can be found here. Insiders sold 61,084 shares of company stock valued at $9,626,182 in the last three months. Company insiders own 5.00% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. O Shaughnessy Asset Management LLC grew its stake in Expedia Group by 82.4% during the first quarter. O Shaughnessy Asset Management LLC now owns 155 shares of the online travel company’s stock worth $27,000 after buying an additional 70 shares during the last quarter. CX Institutional grew its stake in Expedia Group by 31.0% during the second quarter. CX Institutional now owns 296 shares of the online travel company’s stock worth $48,000 after buying an additional 70 shares during the last quarter. CWM LLC grew its stake in Expedia Group by 36.6% during the first quarter. CWM LLC now owns 276 shares of the online travel company’s stock worth $48,000 after buying an additional 74 shares during the last quarter. Fernwood Investment Management LLC grew its stake in Expedia Group by 4.7% during the second quarter. Fernwood Investment Management LLC now owns 1,722 shares of the online travel company’s stock worth $282,000 after buying an additional 77 shares during the last quarter. Finally, Xponance Inc. grew its stake in shares of Expedia Group by 1.1% during the first quarter. Xponance Inc. now owns 7,505 shares of the online travel company’s stock valued at $1,292,000 after purchasing an additional 82 shares during the last quarter. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Expedia Group stock traded up $1.81 on Tuesday, hitting $150.60. 2,002,522 shares of the company traded hands, compared to its average volume of 2,724,433. The company has a 50-day moving average price of $152.18 and a 200 day moving average price of $164.61. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 3.28. Expedia Group has a 12-month low of $87.90 and a 12-month high of $187.93. The company has a market cap of $22.71 billion, a PE ratio of -14.15 and a beta of 1.71.

About Expedia Group

Expedia Group, Inc is an online travel company, which engages in the provision of travel products and services to leisure and corporate travelers. It operates through the following business segments: Retail, B2B and trivago. The Retail segment provides a full range of travel and advertising services to worldwide customers through a variety of consumer brands including: Expedia.com and Hotels.com.

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