EXPE - Expedia Group, Inc.
Chart Events
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 77.01 |
| Open | 76.96 |
| Bid | 77.51 x 1100 |
| Ask | 77.85 x 1400 |
| Day's Range | 74.81 - 78.74 |
| 52 Week Range | 40.76 - 144.00 |
| Volume | 3,481,824 |
| Avg. Volume | 5,098,703 |
| Market Cap | 10.99B |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -4.44 |
| Earnings Date | Jul 23, 2020 - Jul 27, 2020 |
| Forward Dividend & Yield | 1.36 (1.71%) |
| Ex-Dividend Date | Mar 09, 2020 |
| 1y Target Est | 100.25 |
- TheStreet.com
Morning Bell With Jim Cramer: Buy Tesla or Apple?
Jim Cramer shares stock market news including Apple and Tesla competing in the tech sector, Expedia optimistic about travel and the recent jobless claims.
- Skift
Expedia Group CEO Peter Kern on Navigating a Frenemy Relationship With Airbnb
There have been whispers — mostly uninformed — that because private equity firm Silver Lake recently invested $1.2 billion in Expedia Group and $1 billion in Airbnb that the two rivals might have a merger in their future plans. Newly appointed Expedia Group CEO Peter Kern, who has private equity experience of his own as […]
- Thomson Reuters StreetEvents
Edited Transcript of EXPE earnings conference call or presentation 20-May-20 8:30pm GMT
Q1 2020 Expedia Group Inc Earnings Call
- MarketWatch
Coronavirus update: Global case tally passes 5 million; U.S. scientist says don’t rely on a vaccine, job losses continue
The global case tally for the coronavirus that causes COVID-19 passed 5 million on Thursday after the biggest one-day increase since the start of the outbreak, as a top U.S. scientist cautioned that people should not rely on a vaccine and the labor market continued to show massive job losses.
- Motley Fool
Why Expedia Stock Declined Today
Shares of Expedia (NASDAQ: EXPE) have declined today, down by 1% as of 12:20 p.m. EDT, after the online travel booking company reported first-quarter results. Gross bookings fell 39% to $17.9 billion due to the novel coronavirus pandemic. "Like all travel companies, Expedia Group suffered a major reduction in business since the onset of COVID-19," CEO Peter Kern said in a statement.
- Motley Fool
Nasdaq Today: Ross Stores Stock Rises on Retail Rebound Hopes; Expedia Expects to Endure a Slow Spring
Stocks in the Nasdaq Composite (NASDAQINDEX: ^IXIC) were down slightly more than broader-based indexes, with the Composite dropping almost 1% shortly after 11:45 a.m. EDT. The Nasdaq 100 Index was similarly down by nearly 1%. Among notable stocks in the Nasdaq 100, Ross Stores (NASDAQ: ROST) saw a nice gain as investors hoped that the discount apparel retailer would be able to follow in the footsteps of one of its closest industry peers.
- MarketWatch
Expedia stock gets a downgrade after earnings
Expedia Group Inc. shares are down 0.6% in Thursday morning trading after the company reported a wider loss than analysts were expecting. "Like its online travel peers, Expedia reported tepid 1Q numbers and articulated a 2Q outlook that likely sees things get worse before they get better," wrote Evercore ISI analyst Lee Horowitz, who downgraded Expedia's stock to in-line from outperform after the company's Wednesday afternoon earnings report. Horowitz said that the company saw a bottom in "volume degradation" in March and April and that volume for its Vrbo vacation-rental business was doing better than for hotel-oriented businesses, Expedia was also "quick to caution that dollar volume improvement is not yet meaningful as the industry recovers from a steep trough." He cut his price target to $85 from $130 in conjunction with the downgrade. Expedia shares have fallen 34% over the past three months as the S&P 500 has lost 11%
- Investor's Business Daily
Dow Jones Today, Stocks Shed Early Losses After Jobless Data Hit; Facebook Adds To Breakout Gains
Facebook and Apple rose, Boeing led the Dow, as stocks reversed higher, despite heavy weekly jobless claims.
- Zacks
Expedia Group (EXPE) Incurs Loss in Q1, Revenues Fall Y/Y
Expedia Group's (EXPE) first-quarter 2020 results reflect headwinds related to the coronavirus pandemic.
- Motley Fool
Expedia Rises in Pre-Market Trading Despite First-Quarter Misses
The company is a poster child for businesses affected by the economic fallout of the coronavirus pandemic.
- Barrons.com
Trump Tweets Drag Down the Dow. Aurora Cannabis Stock Is Flying.
It’s a complicated morning for the market, with earnings, tweets, and commodity prices all moving stock prices.
- SmarterAnalyst
Expedia Q1 Gross Bookings Plunge 39%, And Worse To Come
Online travel platform Expedia (EXPE) has reported challenging first quarter earning results, with gross bookings collapsing 39% year-over-year to $17.9 billion.Meanwhile Q1 Non-GAAP EPS of -$1.83 missed Street expectations by $0.46, while GAAP EPS of -$9.24 misses by $7.10. Although revenue plunged 15.7% year-over-year, it beat Street expectations by $60 million.“Travel trends have been horrific” summed up RBC Capital analyst Mark Mahaney, noting that EBITDA turned negative for the first time… “that we can remember.” He is now modeling Bookings down 78% Y/Y in Q2, 53% in Q3, and 24% in Q4, writing “All in, Fundamental Trends were very negative. And will get worse in Q2.”However the analyst did point out that EXPE referenced week/week Bookings improvements in April and May, although no quantification was provided. Mahaney has a $90 price target on EXPE (12% upside potential).“Like all travel companies, Expedia Group suffered a major reduction in business since the onset of COVID-19. Fortunately, we were ahead of the game having implemented cost savings measures earlier this year,” said CEO Peter Kern. “We also raised significant additional capital, to further strengthen our liquidity position” he added.For instance, Expedia secured $3.95 billion in additional funding, including $1.2 billion in preferred equity investments and $2.75 billion in 5-year unsecured senior notes. The company also suspended dividend payments and share repurchases, but did repurchase $370 million in Q1.Shares in EXPE are currently rising 4% in Thursday’s pre-market trading, with the stock experiencing a 26% year-to-date decline. Overall analysts show a cautiously optimistic take on Expedia stock with a Moderate Buy consensus. The average analyst price target stands at $89. (See EXPE stock analysis on TipRanks).Related News: Facebook Rolls Out Online Shopping Platform For Businesses Microsoft Buys Metaswitch For Cloud-Based Telecoms Move, 5G Expansion Apple is Said to Snap Up Startup NextVR For Virtual Reality Content; Top Analyst Sees Buying Opportunity More recent articles from Smarter Analyst: * AngloGold Halts Production At World’s Deepest Gold Mine, Due To Covid-19 Outbreak * IBM Is Said To Make Far-Reaching Job Cuts Across The U.S. * Twilio To Power New York’s COVID-19 Contact Tracing Initiative; Shares Jump 7.5% * NBA In Talks With Disney To Reopen Season At Disney World In July
- Motley Fool
Expedia (EXPE) Q1 2020 Earnings Call Transcript
EXPE earnings call for the period ending March 31, 2020.
- Bloomberg
Expedia Sees First Revenue Decline in Eight Years on Covid
(Bloomberg) -- Expedia Group Inc. followed its peers in the online travel industry in witnessing a staggering decline in business since the spread of the coronavirus, with total gross bookings down 39% in the first quarter.The Seattle-based company reported total gross bookings of $17.89 billion, including a decline of as much as 90% in the second half of March as the pandemic took hold. Revenue fell 15% to $2.21 billion, its first quarterly drop in eight years. The adjusted loss before interest, taxes, depreciation and amortization was $76 million, or 1.83 a share, compared with a loss of 27 cents a year earlier. Analysts had projected a loss of $1.45 a share on $2.11 billion in sales.Chief Executive Officer Peter Kern said Expedia has seen cancellations stabilize and growth return in May as parts of the world emerge from pandemic lockdowns and people start to think about their summer holidays. One of the businesses leading the improvement is Vrbo, the company’s vacation rental unit that competes directly with Airbnb Inc.“We’ve seen a higher bounce back from Vrbo,” Kern said in an interview, including an uptick in demand from travelers renting a house within driving distance of their own homes rather than flying or booking a hotel.In March, Expedia withdrew its full-year forecast as stay-at-home orders began to halt flights and travel around the world. The company had already been struggling, cutting 3,000 jobs in February to simplify what had become a “bloated organization,” as it faced increasing pressure from Google in advertising and nimble startups such as Airbnb. As part of the company revamp, Kern, then vice chairman, took over as CEO in April. At the same time, Expedia announced it was raising $3.2 billion as the impact of the coronavirus began to weigh on the industry. In addition, the company made a “significant reduction” in costs for marketing and discretionary expenses and deferred certain capital expenditures, it said in the earnings report.“We already had pretty ambitious goals about how we would simplify and strengthen the business,” Kern said. “This creates an energy and an ambition that is hard to get when you are just in regular old fine times.” The pandemic crisis could help Expedia “turbo charge“ through some difficult changes, he said.Expedia’s shares gained about 3.7% in extended trading in New York after closing at $79.58. The stock has dropped 26% this year compared with an 8% decline of the S&P 500.As the pandemic raged in March, Expedia saw “unprecedented” cancellation volume and moved to build self-service options for customers to cancel lodging and air bookings without speaking to an agent. As a result, cancellation inquiries for air travel managed without an agent increased to more than 95% in April from 65% in February.“If there was an industry on the front lines bearing the full impact of coronavirus, I would say it’s travel,” said Naved Khan, an analyst at Suntrust Robinson Humphrey Inc. “It is one of the sectors that has been hurt the most and is likely to lag during the recovery because until there is a vaccine people will limit their travel activities.”Airbnb and TripAdvisor Inc. cut a quarter of their workforces and Booking Holdings Inc. has been forced to apply for government aid.Kern acknowledged his appointment as CEO came at a “messy time,” but said it has also provided a rare opportunity for sweeping action. “A lot of friends and business acquaintances have been like, ‘Wow, you really stepped into it in a very tough time,’” he said. “Not a lot of fun is being had, but on the other hand I see this as a crystallizing moment of change for this company.”(Updates with comments from CEO beginning in the third paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Skift
Expedia CEO Details Anti-Google Game Plan
In his first earnings call as CEO, Expedia Group's Peter Kern said Google and others have tried to "disintermediate us," and he laid out plans in broad terms to reset how the online travel company conducts its performance marketing. Seeing the coronavirus crisis present an opportunity for Expedia Group to reset its marketing approach because […]
- Zacks
Expedia (EXPE) Reports Q1 Loss, Tops Revenue Estimates
Expedia (EXPE) delivered earnings and revenue surprises of -47.58% and 4.26%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
- Barrons.com
Expedia Revenue Falls as Travel Is Battered by Pandemic
Expedia reported an adjusted loss per share in the quarter of $1.83 per share, a larger loss than the $1.26 Wall Street had anticipated, according to FactSet. Revenue was $2.21 billion, a 15% decline from the year-ago period.
- Yahoo Finance Video
Expedia tops revenue estimates $2.21B vs expected $2.11B
Expedia Group reported their first quarter earnings after the bell on Wednesday, showing a revenue drop of 15% year over year at $2.21B. Jared Blikre joins The Final Round to go over the numbers.
- MarketWatch
Expedia stock ticks higher after quarterly results
Expedia Group Inc. shares ticked higher in the extended session Wednesday even after the online travel site's quarterly loss came in wider than expected. Expedia shares rose 2.8% after hours, following a 4.2% rise in the regular session to close at $79.58. The company reported a first-quarter loss of $1.3 billion, or $9.24 a share, compared with a loss of $103 million, or 69 cents a share, in the year-ago period. The adjusted loss was $1.83 a share. Revenue declined to $2.21 billion from $2.26 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast a loss of $1.26 a share on revenue of $2.21 billion. "Like all travel companies, Expedia Group suffered a major reduction in business since the onset of COVID-19," said Peter Kern, vice chairman and chief executive, in a statement. "Fortunately, we were ahead of the game having implemented cost savings measures earlier this year, and with the added pressure from COVID-19 we accelerated and expanded our ambition on improving our long-term cost structure."
ReutersExpedia posts bigger quarterly loss as pandemic impact takes toll
May 20 (Reuters) - Online agent Expedia Inc posted a bigger quarterly loss on Wednesday, as the COVID-19 pandemic decimated travel demand and kept people under government-mandated lockdowns.
- PR Newswire
Expedia Group Q1 2020 Earnings Release Available on Company's IR Site
Expedia Group, Inc. (NASDAQ: EXPE) posted its first quarter 2020 earnings release in the Investor Relations section of its corporate website at http://ir.expediagroup.com. The earnings release is also available on the Securities and Exchange Commission's website at http://www.sec.gov. As announced previously, the company will host a conference call today to discuss financial results at 1:30 PM Pacific Time / 4:30 PM Eastern Time.
- Investopedia
How Expedia Makes Money: Online Travel Agency, Trivago, Vrbo
Expedia's online travel business generates big profits, but faces a major slowdown due to the coronavirus pandemic.
- Skift
The Travel Industry Refunds Conundrum: Survival Versus Doing the Right Thing
Prior to the coronavirus pandemic, leading disruptive influences in travel included alternative accommodations and artificial intelligence, but during the current crisis refunds and cancellations have shattered finances, travel policies, business models, and partner and customer relationships. The fallout has triggered flexible cancellation policies, booking incentives, and some attempts at fence-mending. Consider Airbnb, which saw reservations […]
