Analysts Expect Expedia, Inc. (EXPE) Will Announce Quarterly Sales of $2.36 Billion

Wall Street analysts expect that Expedia, Inc. (NASDAQ:EXPE) will report $2.36 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Expedia’s earnings, with estimates ranging from $2.32 billion to $2.42 billion. Expedia reported sales of $2.09 billion during the same quarter last year, which indicates a positive year over year growth rate of 12.9%. The company is scheduled to report its next earnings results on Thursday, February 8th.

On average, analysts expect that Expedia will report full-year sales of $2.36 billion for the current year, with estimates ranging from $10.03 billion to $10.26 billion. For the next financial year, analysts expect that the business will report sales of $11.37 billion per share, with estimates ranging from $10.92 billion to $11.89 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Expedia.

Expedia (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, October 26th. The online travel company reported $2.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.61 by ($0.10). The firm had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.98 billion. Expedia had a net margin of 4.09% and a return on equity of 10.71%. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.41 EPS.

Several equities research analysts recently commented on EXPE shares. Citigroup reissued a “buy” rating and issued a $170.00 price target (down previously from $180.00) on shares of Expedia in a research note on Friday, October 27th. Deutsche Bank reissued a “buy” rating and issued a $171.00 price target (down previously from $175.00) on shares of Expedia in a research note on Tuesday, October 24th. BidaskClub cut Expedia from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $155.00 target price (down previously from $175.00) on shares of Expedia in a research report on Friday, October 27th. Finally, Argus cut Expedia from a “buy” rating to a “hold” rating and set a $178.00 target price for the company. in a research report on Tuesday, December 5th. Eight equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $158.34.

Shares of Expedia (NASDAQ EXPE) opened at $130.64 on Thursday. The company has a market capitalization of $19,884.11, a P/E ratio of 51.64, a P/E/G ratio of 1.79 and a beta of 0.89. Expedia has a 12 month low of $115.55 and a 12 month high of $161.00. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.60.

In other news, insider Lance A. Soliday sold 2,401 shares of the stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $120.37, for a total value of $289,008.37. Following the completion of the sale, the insider now directly owns 5,744 shares of the company’s stock, valued at $691,405.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dara Khosrowshahi sold 150,000 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $125.00, for a total value of $18,750,000.00. Following the completion of the sale, the director now directly owns 522,348 shares of the company’s stock, valued at $65,293,500. The disclosure for this sale can be found here. Insiders sold 354,949 shares of company stock valued at $43,978,025 over the last three months. 20.95% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Expedia by 3.7% in the second quarter. Vanguard Group Inc. now owns 12,045,217 shares of the online travel company’s stock valued at $1,794,135,000 after acquiring an additional 428,656 shares during the period. FMR LLC boosted its position in shares of Expedia by 4.8% in the second quarter. FMR LLC now owns 2,481,274 shares of the online travel company’s stock valued at $369,586,000 after acquiring an additional 112,581 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Expedia by 5.8% in the third quarter. Ameriprise Financial Inc. now owns 2,115,880 shares of the online travel company’s stock valued at $304,558,000 after acquiring an additional 116,781 shares during the period. Steadfast Capital Management LP raised its stake in shares of Expedia by 15.6% in the second quarter. Steadfast Capital Management LP now owns 2,041,580 shares of the online travel company’s stock valued at $304,093,000 after purchasing an additional 274,760 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Expedia by 22.0% in the third quarter. American Century Companies Inc. now owns 2,031,943 shares of the online travel company’s stock valued at $292,478,000 after purchasing an additional 365,857 shares in the last quarter. 84.12% of the stock is owned by institutional investors.

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Expedia Company Profile

Expedia, Inc is an online travel company. The Company operates through four segments: Core Online Travel Agencies (Core OTA), trivago, Egencia and HomeAway. The Company’s Core OTA segment provides a range of travel and advertising services to its customers across the world, through a range of brands, including Expedia.com and Hotels.com in the United States, and localized Expedia and Hotels.com Websites throughout the world, Orbitz.com, Expedia Affiliate Network, Hotwire.com, Travelocity, Wotif Group, CarRentals.com and Classic Vacations.

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