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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
The calendar just turned to fall, but for investors, it's time to think about the holiday travel season and what it could mean for travel stocks. A recent report by TravelAge West suggests that travel and entertainment spending will increase by 1%, bucking a broader trend to lower spending in other areas, such as gifts.
Expedia Group remains attractive after a 50% rally, supported by robust fundamentals, reasonable valuation, and a strong balance sheet. EXPE faces near-term challenges from inflation, reduced travel budgets, and strong competition from BKNG and ABNB, but maintains insulation via loyalty programs and diversified brands. Despite recent technical weakness and overbuying, EXPE's bullish trend holds as it trades below DCF and dividend model targets.
Expedia Has 40%+ Upside Potential Over The Next 12 Months
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The market is now halfway through the year's earnings, which is arguably one of the most important seasons of all because it will close in on the possible ranges for the next two quarters and the year-end financials. That being said, many retail and professional investors are beginning to price in their opinions for the companies they find of interest, causing prices to swing all over the place.
EXPE posts strong Q2 results with double-digit B2B growth, and boosts the Q3 and 2025 outlook for bookings, revenues and margins.
Expedia Group Inc (NASDAQ:EXPE, ETR:E3X1) reported second quarter results that came in ahead of its own guidance and Wall Street expectations, supported by growth in international and B2B bookings. The company also raised its full-year forecast, citing stronger-than-expected travel demand entering the second half of the year.
U.S. equities were higher in recent trading, with the Nasdaq on track to set another record closing high, as more companies posted solid earnings. The Dow and S&P 500 were higher as well.
Expedia Group (EXPE) shares saw a double-digit jump during premarket trading and were up about 5% shortly after the opening bell, when the online travel site reported better-than-anticipated results and lifted its guidance on rising international demand for its services.
Expedia Group (EXPE) shares jumped 14% in premarket trading, on track to hit an all-time high, when the online travel site reported better-than-anticipated results and lifted its guidance on rising international demand for its services.