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Expedia Inc. (EXPE - Free Report) just released its fourth quarter fiscal 2016 financial results, posting earnings of 97 cents per share and revenues of $2.1 billion. Currently, EXPE is a #5 (Strong Sell), and is down 2.88% to $119.53 in trading shortly after its earnings report was released.
Missed earnings estimates. The company reported earnings of 97 cents per share, lagging behind the Zacks Consensus Estimate of $1.11 cents per share. This number excludes 46 cents from non-recurring items.
Beat revenue estimates. The company saw record revenue figures of $2.1 billion, just edging past our consensus estimate of $2.068 billion and increasing 23% year-over-year.
Gross bookings increased $1.2 billion, or 8% year-over-year, to $16.1 billion. Room nights stayed increased 15% year-over-year in Q4, with growth of 16% excluding Orbitz Worldwide.
Hotel revenue increased 13% in the fourth quarter of 2016 on a 15% increase in room nights stayed driven by growth in Hotels.com, Brand Expedia and EAN, partially offset by a 2% decrease in revenue per room night.
On a standalone basis, trivago reached $183 million in revenues, an increase of 65% year-over-year, while HomeAway delivered $166 million of revenue in Q4.
Here’s a graph that looks at Expedia’s price, consensus, and EPS surprise:
Expedia is one of the world's leading travel services companies. The company provides wholesale travel to offline retail travel agents. Expedia’s main businesses and brands include: Expedia.com, Hotels.com, Hotwire, Expedia Corporate Travel, Trip Advisor and Classic Custom Vacations. Expedia’s companies also operate internationally with sites in Canada, the United Kingdom, Germany, France, Italy, Netherlands and China.
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Expedia Posts Q4 Earnings Miss, Gross Bookings Increase 8%
Expedia Inc. (EXPE - Free Report) just released its fourth quarter fiscal 2016 financial results, posting earnings of 97 cents per share and revenues of $2.1 billion. Currently, EXPE is a #5 (Strong Sell), and is down 2.88% to $119.53 in trading shortly after its earnings report was released.
Missed earnings estimates. The company reported earnings of 97 cents per share, lagging behind the Zacks Consensus Estimate of $1.11 cents per share. This number excludes 46 cents from non-recurring items.
Beat revenue estimates. The company saw record revenue figures of $2.1 billion, just edging past our consensus estimate of $2.068 billion and increasing 23% year-over-year.
Gross bookings increased $1.2 billion, or 8% year-over-year, to $16.1 billion. Room nights stayed increased 15% year-over-year in Q4, with growth of 16% excluding Orbitz Worldwide.
Hotel revenue increased 13% in the fourth quarter of 2016 on a 15% increase in room nights stayed driven by growth in Hotels.com, Brand Expedia and EAN, partially offset by a 2% decrease in revenue per room night.
On a standalone basis, trivago reached $183 million in revenues, an increase of 65% year-over-year, while HomeAway delivered $166 million of revenue in Q4.
Here’s a graph that looks at Expedia’s price, consensus, and EPS surprise:
Expedia, Inc. Price, Consensus and EPS Surprise
Expedia, Inc. Price, Consensus and EPS Surprise | Expedia, Inc. Quote
Expedia is one of the world's leading travel services companies. The company provides wholesale travel to offline retail travel agents. Expedia’s main businesses and brands include: Expedia.com, Hotels.com, Hotwire, Expedia Corporate Travel, Trip Advisor and Classic Custom Vacations. Expedia’s companies also operate internationally with sites in Canada, the United Kingdom, Germany, France, Italy, Netherlands and China.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>