Online travel agency Expedia (NASDAQ: EXPE) will be announcing earnings results this Thursday after market close. Here’s what to expect.
Expedia missed analysts’ revenue expectations by 0.8% last quarter, reporting revenues of $2.99 billion, up 3.4% year on year. It was a slower quarter for the company, with a slight miss of analysts’ number of room nights booked estimates. It reported 107.7 million nights booked, up 6.4% 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 4.3% year on year to $3.71 billion, slowing from the 6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $4.09 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 Q2 results, giving us a hint as to what we can expect. Booking delivered year-on-year revenue growth of 16%, beating analysts’ expectations by 3.7%, and Shutterstock reported revenues up 21.3%, topping estimates by 7.5%. Booking traded up 1% following the results while Shutterstock’s stock price was unchanged.
Read our full analysis of Booking’s results here and Shutterstock’s results here.
Investors in the consumer internet segment have had steady hands going into earnings, with share prices flat over the last month. Expedia is up 2.9% during the same time and is heading into earnings with an average analyst price target of $193.88 (compared to the current share price of $183).
Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
