We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Expedia (EXPE) Increases Despite Market Slip: Here's What You Need to Know
Read MoreHide Full Article
The most recent trading session ended with Expedia (EXPE - Free Report) standing at $95.23, reflecting a +1.69% shift from the previouse trading day's closing. The stock outperformed the S&P 500, which registered a daily loss of 0.17%. Elsewhere, the Dow saw a downswing of 0.58%, while the tech-heavy Nasdaq appreciated by 0.27%.
Coming into today, shares of the online travel company had lost 7.16% in the past month. In that same time, the Retail-Wholesale sector lost 5.71%, while the S&P 500 lost 3.95%.
Analysts and investors alike will be keeping a close eye on the performance of Expedia in its upcoming earnings disclosure. The company's earnings report is set to go public on November 2, 2023. The company's upcoming EPS is projected at $5.13, signifying a 26.67% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $3.87 billion, indicating a 6.93% increase compared to the same quarter of the previous year.
EXPE's full-year Zacks Consensus Estimates are calling for earnings of $9.52 per share and revenue of $12.82 billion. These results would represent year-over-year changes of +40.21% and +9.84%, respectively.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Expedia. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.07% lower within the past month. Expedia presently features a Zacks Rank of #4 (Sell).
Looking at valuation, Expedia is presently trading at a Forward P/E ratio of 9.84. This signifies a discount in comparison to the average Forward P/E of 19.17 for its industry.
One should further note that EXPE currently holds a PEG ratio of 0.36. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Internet - Commerce industry stood at 0.73 at the close of the market yesterday.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 95, finds itself in the top 38% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Expedia (EXPE) Increases Despite Market Slip: Here's What You Need to Know
The most recent trading session ended with Expedia (EXPE - Free Report) standing at $95.23, reflecting a +1.69% shift from the previouse trading day's closing. The stock outperformed the S&P 500, which registered a daily loss of 0.17%. Elsewhere, the Dow saw a downswing of 0.58%, while the tech-heavy Nasdaq appreciated by 0.27%.
Coming into today, shares of the online travel company had lost 7.16% in the past month. In that same time, the Retail-Wholesale sector lost 5.71%, while the S&P 500 lost 3.95%.
Analysts and investors alike will be keeping a close eye on the performance of Expedia in its upcoming earnings disclosure. The company's earnings report is set to go public on November 2, 2023. The company's upcoming EPS is projected at $5.13, signifying a 26.67% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $3.87 billion, indicating a 6.93% increase compared to the same quarter of the previous year.
EXPE's full-year Zacks Consensus Estimates are calling for earnings of $9.52 per share and revenue of $12.82 billion. These results would represent year-over-year changes of +40.21% and +9.84%, respectively.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Expedia. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.07% lower within the past month. Expedia presently features a Zacks Rank of #4 (Sell).
Looking at valuation, Expedia is presently trading at a Forward P/E ratio of 9.84. This signifies a discount in comparison to the average Forward P/E of 19.17 for its industry.
One should further note that EXPE currently holds a PEG ratio of 0.36. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Internet - Commerce industry stood at 0.73 at the close of the market yesterday.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 95, finds itself in the top 38% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.