Expedia, Inc. EXPE just released its financial results for the first quarter of 2017, posting a loss of $0.15 per share and revenues of $ 2.18 billion. Currently, Expedia is a Zacks Rank #3 (Hold) and is up 0.33% to $136.20 per share in trading shortly after its earnings report was released.
Beat earnings estimates. The company posted a loss of 15 cents per share, losing less than the Zacks Consensus Estimate of 30 cents per share. This number excludes 42 cents from non-recurring items.
Beat revenue estimates. The company saw revenue figures of $2.18 billion, topping our consensus estimate of $2.13 billion.
For Q1, the Washington-based travel services company posted a 15% jump in revenues from the $1.9 billion reported in the first quarter of 2016. At the end of March 31, 2017, the company had 385,000 properties available on Expedia.com. Expedia’s gross bookings rose 14% to $23.6 billion from $20.6 billion in the prior year period.
The company stated that gross booking growth was primarily driven by its Core OTA business, including growth in Brand Expedia, Hotels.com, and EAN.
Here’s a graph that looks at Expedia’s latest performance:
Expedia, Inc. Price and Consensus
Expedia, Inc. Price and Consensus | Expedia, Inc. Quote
Expedia, Inc. is one of the world's leading travel services companies. The company provides wholesale travel to offline retail travel agents. Expedia, Inc.'s main businesses and brands include: Expedia.com, Hotels.com, Hotwire, Expedia Corporate Travel, Trip Advisor and Classic Custom Vacations. Expedia, Inc.'s companies also operate internationally with sites in Canada, the United Kingdom, Germany, France, Italy, Netherlands and China, through its investment in eLong.
Check back later for our full analysis on Expedia’s earnings report!
Zacks’ Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but chosen members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting today, and for the next month, you can follow all Zacks’ private buys and sells in real time. Our experts cover all kinds of trades: value, momentum, ETFs, stocks under $10, stocks that corporate insiders are buying up, and companies that are about to report positive earnings surprises. You can even look inside portfolios so exclusive that they are normally closed to new investors.
Click here for Zacks’ secret trades>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Expedia, Inc. (EXPE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research