Yahoo Finance Expedia Earnings: What To Look For From EXPE
Online travel agency Expedia (NASDAQ:EXPE) will be reporting earnings tomorrow after market close. Here's what you need to know.
Expedia met analysts' revenue expectations last quarter, reporting revenues of $2.89 billion, up 10.3% year on year. It was a mixed quarter for the company, with solid growth in its bookings but slow revenue growth. It reported 77.4 million nights booked, up 9.3% year on year.
Is Expedia a buy or sell going into earnings? Read our full analysis here, it's free.
This quarter, analysts are expecting Expedia's revenue to grow 5.5% year on year to $2.81 billion, slowing from the 18.5% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.16 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Expedia has missed Wall Street's revenue estimates three times over the last two years.
Looking at Expedia's peers in the consumer internet segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Meta delivered year-on-year revenue growth of 27.3%, meeting analysts' expectations, and Roku reported revenues up 19%, topping estimates by 3.7%. Meta traded down 10.6% following the results while Roku was also down 10.3%.
Read our full analysis of Meta's results here and Roku's results here.
Growth stocks have seen elevated volatility as investors debate the Fed's monetary policy, and while some of the consumer internet stocks have fared somewhat better, they have not been spared, with share prices down 4.4% on average over the last month. Expedia is up 2.1% during the same time and is heading into earnings with an average analyst price target of $162.2 (compared to the current share price of $134.5).
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