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Expedia (EXPE) Stock Surges As Bookings and Revenue Grow 15%
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Expedia Group, Inc. (EXPE - Free Report) ) just released its latest quarterly financial results, posting an adjusted loss $0.46 per share and revenues of $2.5 billion.
Currently, EXPE is a Zacks Rank #3 (Hold), but that could change based on today’s results. Shares of the company dropped about 2% during regular trading hours today but were still up about 1.5% over the past month.
The stock is currently up 13.65% to $120 per share in after-hours trading shortly after its earnings report was released.
Expedia:
Beat earnings estimates. The company posted an adjusted loss of $0.46, beating the Zacks Consensus Estimate of a loss of $0.60. Investors should note that this consensus projection has trended downward over the duration of the quarter.
Met revenue estimates. The company saw revenue figures of $2.5 billion, meeting our consensus estimate of $2.5 billion.
Expedia’s gross bookings and revenue increased 15% year-over-year to $27.2 billion and $2.5 billion, respectively. Within gross bookings, there was a 10% increase in domestic booking and a 25% increase in international booking.
Of the many underlying brands associated with Expedia, the Expedia brand, Hotels.com, Expedia Partner Solutions, and Egencia saw 16% year-over-year growth, with HomeAway seeing a 36% increase in stayed room nights year-to-year.
Here’s a graph that looks at Expedia’s recent earnings performance:
Expedia, Inc. is an online travel company, helping business and leisure travelers through technology with the tools and information they need to efficiently research, plan, and experience travel. Expedia has an extremely diverse travel product range, offering more than a million online bookable vacation rental listings in many countries, over many airlines, packages, rental cars, cruisers, as well as destination services and activities.
Check back later for our full analysis on EXPE’s earnings report!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
Expedia (EXPE) Stock Surges As Bookings and Revenue Grow 15%
Expedia Group, Inc. (EXPE - Free Report) ) just released its latest quarterly financial results, posting an adjusted loss $0.46 per share and revenues of $2.5 billion.
Currently, EXPE is a Zacks Rank #3 (Hold), but that could change based on today’s results. Shares of the company dropped about 2% during regular trading hours today but were still up about 1.5% over the past month.
The stock is currently up 13.65% to $120 per share in after-hours trading shortly after its earnings report was released.
Expedia:
Beat earnings estimates. The company posted an adjusted loss of $0.46, beating the Zacks Consensus Estimate of a loss of $0.60. Investors should note that this consensus projection has trended downward over the duration of the quarter.
Met revenue estimates. The company saw revenue figures of $2.5 billion, meeting our consensus estimate of $2.5 billion.
Expedia’s gross bookings and revenue increased 15% year-over-year to $27.2 billion and $2.5 billion, respectively. Within gross bookings, there was a 10% increase in domestic booking and a 25% increase in international booking.
Of the many underlying brands associated with Expedia, the Expedia brand, Hotels.com, Expedia Partner Solutions, and Egencia saw 16% year-over-year growth, with HomeAway seeing a 36% increase in stayed room nights year-to-year.
Here’s a graph that looks at Expedia’s recent earnings performance:
Expedia, Inc. Price, Consensus and EPS Surprise
Expedia, Inc. Price, Consensus and EPS Surprise | Expedia, Inc. Quote
Expedia, Inc. is an online travel company, helping business and leisure travelers through technology with the tools and information they need to efficiently research, plan, and experience travel. Expedia has an extremely diverse travel product range, offering more than a million online bookable vacation rental listings in many countries, over many airlines, packages, rental cars, cruisers, as well as destination services and activities.
Check back later for our full analysis on EXPE’s earnings report!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>