EXPE - Expedia Group, Inc.
| Previous Close | 110.59 |
| Open | 124.05 |
| Bid | 123.05 x 800 |
| Ask | 123.14 x 800 |
| Day's Range | 120.02 - 124.74 |
| 52 Week Range | 93.53 - 144.00 |
| Volume | 10,382,889 |
| Avg. Volume | 2,836,950 |
| Market Cap | 17.792B |
| Beta (5Y Monthly) | 1.01 |
| PE Ratio (TTM) | 32.57 |
| EPS (TTM) | 3.77 |
| Earnings Date | Apr 29, 2020 - May 03, 2020 |
| Forward Dividend & Yield | 1.36 (1.23%) |
| Ex-Dividend Date | Nov 17, 2019 |
| 1y Target Est | 127.93 |
- MarketWatch
Expedia stock heads for best day since 2015 after Diller’s return soothes investors
A mixed earnings report seemed good enough for Expedia Group Inc. investors now that the book has been closed on the company’s old management team.
- MarketWatch
S&P 500 and Nasdaq end week at records as investors weigh economic health, coronavirus
The S&P 500 and the Nasdaq on Friday closed at an all-time high, capping a week that had produced a decided uptrend as investors parsed a round of corporate results, economic data and the spread of COVID-19. All three benchmarks, however finished the week solidly higher. The S&P 500 gained 6.22 points, 0.2%, to close at 3,380.16, a record. The Nasdaq Composite Index closed 19.21 points, 0.2%, also at a record at 9,731.18. Meanwhile, the Dow Jones Industrial Average finished 25.23 points, or 0.1%, down to end at 29,398.08. On the day, investors weighed slightly sluggish retail-sales growth in January against relatively upbeat corporate earnings, even as companies like Expedia warned on the impact of the viral outbreak that reportedly originated in Wuhan, China last year. For the week, the Dow gained 1%, the S&P 500 was up 1.6%, and the Nasdaq gained 2.2%.
- Reuters
US STOCKS-S&P 500, Nasdaq gain on Nvidia, White House stock incentive report
The S&P 500 ended modestly higher on Friday following strong earnings from Nvidia and a report late in the session that the White House was considering a tax incentive for Americans to buy stocks. Uncertainties surrounding the coronavirus epidemic and downbeat economic data had put a damper on investor sentiment for much of the day.
- Skift
Google’s Critics Dismiss Move Posting Competitors’ Travel Links as Window Dressing
Google competitors in Europe and the United States aren't putting much stock in the search engine's test in Europe where it is placing rivals links in a "carousel" above its own far-more-elaborate boxed collection of vacation rental offerings. Michelle Schwefel, who heads the office of political communications for Deutsche Ferienhausverband (the German Holiday Home Association), […]
ReutersUS STOCKS-Wall Street slips as coronavirus dampens optimism
Wall Street edged lower on Friday as uncertainties surrounding the coronavirus epidemic and downbeat economic data put a damper on investor sentiment. While the S&P 500 and the Nasdaq were down only modestly, the industrials-heavy Dow suffered a larger decline.
ReutersUS STOCKS-S&P 500, Nasdaq tick lower as coronavirus worries weigh
The S&P 500 and the Nasdaq edged lower on Friday as concerns about an economic hit from the coronavirus outbreak outweighed a boost from Nvidia shares after the chipmaker's upbeat outlook. Nvidia Corp jumped 7.2% after it forecast first-quarter revenue ahead of analysts' estimates, reinforcing expectations of a rebound in chip demand and lifting the broader technology sector by 0.2%.
- MarketWatch
Coronavirus update: 1,383 deaths, more than 63,000 sickened, Expedia predicts impact beyond Q1
There are more than 63,000 cases of COVID-19, the novel coronavirus that was first identified in December in Wuhan, China, and 1,383 deaths, according to the World Health Organization.
- Barrons.com
Stocks Are Going Nowhere After Worrying Retail Sales Numbers
STOCKSTOWATCHTODAY BLOG Shaky Sales. The three major U.S. stock market indexes were mixed after U.S. retail-sales data showed a sluggish start to the shopping year. The Dow Jones Industrial Average lost 40 points, or 0.
ReutersUS STOCKS-Nvidia pushes S&P 500, Nasdaq higher amid coronavirus worries
The S&P 500 and the Nasdaq edged higher on Friday, supported by Nvidia shares after its upbeat outlook, but concerns about an economic hit from the coronavirus outbreak limited gains. Nvidia Corp jumped 8% as the company forecast first-quarter revenue ahead of analysts' estimates, reinforcing expectations of a rebound in chip demand.
- Zacks
Expedia (EXPE) Q4 Earnings Top Estimates, Revenues Up Y/Y
Expedia Group's (EXPE) fourth-quarter results benefit from strengthen across Expedia Partner Solutions and Hotels.com.
- GuruFocus.com
Wallace Weitz Sees Value in First Hawaiian
Guru adds bank to portfolio in 4th quarter Continue reading...
- TheStreet.com
Expedia Share-Price Targets Travel Higher After Earnings Report
Several Wall Street analysts raised their share-price targets on the online-travel company Expedia, seeing strength in the company's core operations.
- Reuters
US STOCKS-S&P 500, Dow little changed amid coronavirus worries; Nvidia forecast buoys Nasdaq
The S&P 500 and the Dow barely moved on Friday, as worries over an economic hit from the coronavirus outbreak refrained investors from making big bets ahead of a long weekend, while gains in Nvidia shares kept the Nasdaq in positive territory. Adding to the downbeat sentiment were a Commerce Department retail sales report showing consumer spending likely slowed further in January and data indicating industrial production fell more than expected last month.
- Investor's Business Daily
Dow Jones Today, Stocks Flatten: Nvidia, AMD Boost Chips; Expedia Rockets
Nvidia, Expedia and Roku jumped, while Cisco dragged on the Dow Jones today as the stock market looked to wrap up a solid week.
- Barrons.com
Expedia ‘Gets a Pass’ For a Few Months. Buy the Shares, Says This Analyst.
Buy Expedia shares, say Benchmark analysts, who believe the company will get a six-month reprieve as shortcomings get blamed on the previous management.
- Reuters
US STOCKS-Upbeat earnings lift futures ahead of retail sales data
U.S. stock index futures rose on Friday, lifted by a handful of positive earnings reports, while investors kept a close watch on retail sales data and assessed the economic fallout of the coronavirus outbreak. Nvidia Corp jumped 6.4% in premarket trading as it forecast first-quarter revenue that topped analysts' expectations, reinforcing expectations of a rebound in chip demand. Shares of rival Intel Corp rose 0.6%, while Advanced Micro Devices Inc gained 1.6%.
- Thomson Reuters StreetEvents
Edited Transcript of EXPE earnings conference call or presentation 13-Feb-20 9:30pm GMT
Q4 2019 Expedia Group Inc Earnings Call
- Skift
Expedia Chairman Barry Diller Rips His ‘Bloated’ Company as ‘All Life, No Work’
When a CEO and chief financial officer get pushed out a couple of months earlier, yes, the next earnings call with financial analysts might be unusual. But the Expedia Group fourth quarter earnings discussion on Thursday was one for the record books. Expedia Group Chairman Barry Diller and Vice Chairman Peter Kern, who are now […]
- ACCESSWIRE
ONGOING INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Expedia Group, Inc. and Encourages Investors with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / February 13, 2020 / The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Expedia Group, ...
- American City Business Journals
Expedia chairman isn't searching for the next CEO — and this is why
Barry Diller said Thursday the traditional executive search process doesn't consistently produce the best leaders. Former CEO Mark Okerstrom resigned on Dec. 4, along with Chief Financial Officer Alan Pickerill.
- Bloomberg
Expedia Jumps After Projecting ‘Double-Digit’ Profit Growth
(Bloomberg) -- Expedia Group Inc. gave a 2020 profit forecast for “double-digit” growth, topping analysts’ estimates and suggesting the company will be able to maintain bookings in the face of slowing global travel demand caused by the spreading coronavirus. Shares gained more than 10% in extended trading.The online travel giant reported revenue gained 7.3% to $2.75 billion in the fourth quarter, just missing the $2.77 billion analysts’ projected. Gross bookings climbed 5.9% to $23.2 billion in the period ended Dec. 31, the Seattle-based company said Thursday in a statement.Adjusted earnings before interest, taxes, depreciation and amortization was $478 million, beating the analysts’ average estimate of $451.6 million, according to data compiled by Bloomberg.“We are not providing a specific guidance range given uncertainty on how much cost savings we’ll recognize this year and the full effect of coronavirus,” Chairman Barry Diller and vice chairman Peter Kern said in the statement. “However, taking these factors into account, we expect 2020 Adjusted EBITDA growth to be in the double-digits.”The pair said they were targeting $300 million to $500 million in “run-rate cost savings across our business.”Diller said the company will streamline and simplify the business. “For several years we have really lost clarity and discipline,” he said on a conference call with analysts. “We were a bloated organization.”Shares jumped to a high of $124.25 in extended trading after closing at $110.59 in New York. The stock has dropped 13% in the past 12 months.The recent outbreak of the coronavirus, known as Covid-19, which originated in China and has spread to more than 20 countries, is battering hospitality companies from airlines to hotels to cruise operators as tourists cancel trips and businesses shutter events. The virus will dent the company’s bottom line by $30 million to $40 million in the current period, executives said on the call. However, Diller conceded the economic impact is difficult to predict.“We don’t truly know the extent of it,” Diller said, adding shortly after that he believes “it will go beyond Asia.”The health crisis is one of several challenges facing the company since Chief Executive Officer Mark Okerstrom and Chief Financial Officer Alan Pickerill were ousted in December after clashing with the board over prospects for growth. Diller said the company isn’t hunting for a new CEO. Instead, the 78-year-old billionaire media mogul will remain in control of the company’s day-to-day operations, along with Kern, for the foreseeable future -- but not beyond 2020.“I haven’t been on one of these analyst calls in endless amount of time so I’m probably a bit draggy,” said Diller, who is chairman and founder of IAC/InterActiveCorp. “Having been chairman of Expedia for, I don’t know, I think 20 years or so, I thought I knew a lot about the company, but there is nothing like being on the ground. And we’ve been on the ground.”In November, Okerstrom lowered the outlook for 2019 earnings after missing analysts’ estimates in the third quarter. Expedia largely blamed Google, which has been cramming the top of its search results with more advertising, pushing down free listings from travel companies and forcing them to spend more on marketing.Diller said he has reached out to Google’s senior management, telling them “exactly what we feel about this. “I have implored them to stop actually taking away the profits from businesses that are one of the main contributors to their advertising revenue.”Diller called for the federal government to regulate Google, saying the new search engine optimization changes were an “existential issue” for online travel agencies. The Federal Trade Commission and the U.S. Justice Department already have announced broad antitrust reviews of the major tech companies, including Alphabet Inc.’s Google.Expedia has been squeezed by Airbnb Inc. and Booking Holdings Inc. in vacation home rentals -- the fastest growing sector of the travel market. Last year, the company revamped its short-term rental unit Vrbo to try to catch up with its rivals. Vrbo reported revenue growth of 13% in the fourth quarter to $259 million. The unit generates about 10% of Expedia’s total revenue, but analysts and investors focus on Vrbo because it represents the company’s best bet for growth.In the fourth quarter, net income rose to $76 million. Profit, excluding certain items, was $1.24 a share, beating analysts’ average estimate of $1.14.(Updates with coronavirus impact in the eighth paragraph; comments from chairman throughout.)To contact the reporter on this story: Olivia Carville in New York at ocarville1@bloomberg.netTo contact the editors responsible for this story: Molly Schuetz at mschuetz9@bloomberg.net, Andrew PollackFor 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.
- Zacks
Expedia (EXPE) Surpasses Q4 Earnings Estimates
Expedia (EXPE) delivered earnings and revenue surprises of 5.08% and -0.43%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
- Barrons.com
Expedia Stock Jumps on Strong Earnings and Cost-Cutting Plan
In December, CEO Mark Okerstrom and CFO Alan Pickerill departed, leaving day-to-day management of the company in the hands of Chairman Barry Diller, with chief strategy officer Eric Hart serving as CFO. In a statement at the time, Diller said that the management team and the company’s board disagreed on strategy. “Earlier this year, Expedia embarked on an ambitious reorganization plan with the goal of bringing our brands and technology together in a more efficient way,” he said.
