Expedia (EXPE) came out with quarterly earnings of $6.13 per share, beating the Zacks Consensus Estimate of $6.10 per share. This compares to earnings of $5.41 per share a year ago.
Online travel platform Expedia on Thursday beat Wall Street estimates for quarterly profit, helped by strong international travel demand, and said CFO Julie Whalen will step down likely before the mid of February, 2025.
Shares of Expedia Group Inc. rallied after hours on Thursday after the travel-booking platform boosted its full-year outlook, helped by consumer demand and growth in advertising and its segment geared toward businesses.
Expedia chairman Barry Diller told CNBC on Monday that a rumored acquisition of Uber is “just not going to happen.
Evaluate the expected performance of Expedia (EXPE) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Expedia (EXPE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
Expedia (EXPE) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Expedia's valuation gap versus Booking Holdings is unjustified, with EXPE trading at a significant discount despite solid growth and returns. EXPE share trades at 8.2 x P/cash earnings and 0.5 PEG on 2025 estimates that are below consensus. Cash earnings growth of 16% in the 2025-2026 period provides US$2bn in free cash flow, or 11% of market cap.
The talks were in early stages and it is unclear whether an acquisition will take place since Uber has not formally approached Expedia, three people familiar with the process told the Financial Times.
Expedia Group Inc (NASDAQ:EXPE) stock is up 5.6% at $159.30 at last glance, and earlier hit a two-year high of $161.88.
Expedia (EXPE) shares rose, while those of Uber Technologies (UBER) moved lower Thursday morning following a report from the Financial Times that the ridesharing giant has explored acquiring the travel booking company.