Expedia (EXPE) To Report Earnings Tomorrow: Here Is What To Expect
Online travel agency Expedia (NASDAQ:EXPE) will be reporting results tomorrow after market hours. Here's what investors should know.
Last quarter Expedia reported revenues of $3.93 billion, up 8.6% year on year, beating analyst revenue expectations by 1.9%. It was a mixed quarter for the company, with a decent beat of analysts' revenue estimates but slow revenue growth. The company reported 89.3 million nights booked, up 9.4% year on year.
Is Expedia buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Expedia's revenue to grow 9.9% year on year to $2.88 billion, slowing down from the 14.9% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.70 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates four times over the last two years.
Looking at Expedia's peers in the consumer internet segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Snap delivered top-line growth of 4.7% year on year, missing analyst estimates by 1.5% and Netflix reported revenues up 12.5% year on year, exceeding estimates by 1.4%. Netflix was up 4.4% on the results, and Snap was down 29.5%.
Read our full analysis of Snap's results here and Netflix's results here.
Investors in the consumer internet segment have had steady hands going into the earnings, with the stocks down on average 0.4% over the last month. Expedia is up 0.9% during the same time, and is heading into the earnings with analyst price target of $159.5, compared to share price of $154.1.
One way to find opportunities in the market is to watch for generational shifts in the economy. Almost every company is slowly finding itself becoming a technology company and facing cybersecurity risks and as a result, the demand for cloud-native cybersecurity is skyrocketing. This company is leading a massive technological shift in the industry and with revenue growth of 70% year on year and best-in-class SaaS metrics it should definitely be on your radar.
Join Paid Stock Investor Research
Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.
The author has no position in any of the stocks mentioned.
