Expedia Group, Inc. (NASDAQ: EXPE) Expected to Earn Q3 2022 Earnings of $ 3.21 Per Share


Expedia Group, Inc. (NASDAQ: EXPE – Get Rating) – Equities research analysts at Oppenheimer dropped their Q3 2022 earnings per share (EPS) estimates for shares of Expedia Group in a research report issued on Thursday, July 21st. Oppenheimer analyst J. Kelly now forecasts that the online travel company will post earnings per share of $ 3.21 for the quarter, down from their prior estimate of $ 3.42. The consensus estimate for Expedia Group’s current full-year earnings is $ 4.49 per share. Oppenheimer also issued estimates for Expedia Group’s Q4 2022 earnings at $ 1.25 EPS, FY2022 earnings at $ 4.62 EPS and FY2023 earnings at $ 7.28 EPS.

A number of other research firms also recently weighed in on EXPE. Deutsche Bank Aktiengesellschaft raised their price target on Expedia Group from $ 218.00 to $ 235.00 in a research note on Tuesday, May 3rd. Truist Financial decreased their price target on Expedia Group from $ 240.00 to $ 185.00 and set a “buy” rating for the company in a research note on Thursday, July 14th. Piper Sandler decreased their price target on Expedia Group from $ 225.00 to $ 155.00 and set an “overweight” rating for the company in a research note on Tuesday, June 28th. Credit Suisse Group reduced their target price on Expedia Group from $ 231.00 to $ 225.00 in a research note on Tuesday, May 3rd. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $ 205.00 target price on shares of Expedia Group in a research note on Tuesday, May 3rd. Fourteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $ 191.30.

Expedia Group Stock Down 2.9%

EXPE stock opened at $ 99.38 on Monday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 2.16. The business has a 50 day moving average price of $ 108.99 and a two-hundred day moving average price of $ 156.28. The company has a market cap of $ 15.61 billion, a price-to-earnings ratio of 85.67, a P / E / G ratio of 1.55 and a beta of 1.61. Expedia Group has a twelve month low of $ 88.70 and a twelve month high of $ 217.72.

Expedia Group (NASDAQ: EXPE – Get Rating) last announced its earnings results on Monday, May 2nd. The online travel company reported ($ 0.93) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($ 0.69) by ($ 0.24). Expedia Group had a net margin of 4.87% and a return on equity of 11.93%. The firm had revenue of $ 2.25 billion during the quarter, compared to analyst estimates of $ 2.27 billion. During the same period in the prior year, the business posted ($ 2.59) EPS.

Insider Buying and Selling

In related news, CAO Lance A. Soliday sold 376 shares of the business’s stock in a transaction on Monday, May 16th. The stock was sold at an average price of $ 124.12, for a total transaction of $ 46,669.12. Following the sale, the chief accounting officer now owns 8,949 shares in the company, valued at approximately $ 1,110,749.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Lance A. Soliday sold 376 shares of the business’s stock in a transaction on Monday, May 16th. The stock was sold at an average price of $ 124.12, for a total transaction of $ 46,669.12. Following the sale, the chief accounting officer now owns 8,949 shares in the company, valued at approximately $ 1,110,749.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $ 172.94, for a total value of $ 1,729,400.00. Following the sale, the director now owns 252,112 shares in the company, valued at approximately $ 43,600,249.28. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Expedia Group

A number of institutional investors have recently made changes to their positions in the stock. KC Investment Advisors LLC grew its position in shares of Expedia Group by 1.8% in the 4th quarter. KC Investment Advisors LLC now owns 3,117 shares of the online travel company’s stock valued at $ 563,000 after buying an additional 55 shares during the last quarter. Parkside Financial Bank & Trust grew its position in shares of Expedia Group by 41.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 197 shares of the online travel company’s stock valued at $ 36,000 after buying an additional 58 shares during the last quarter. Focused Wealth Management Inc grew its position in shares of Expedia Group by 6.5% in the 4th quarter. Focused Wealth Management Inc now owns 985 shares of the online travel company’s stock valued at $ 178,000 after buying an additional 60 shares during the last quarter. Dynamic Advisor Solutions LLC grew its position in shares of Expedia Group by 1.8% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 4,054 shares of the online travel company’s stock valued at $ 733,000 after buying an additional 71 shares during the last quarter. Finally, Keel Point LLC grew its position in shares of Expedia Group by 5.0% in the 4th quarter. Keel Point LLC now owns 1,658 shares of the online travel company’s stock valued at $ 300,000 after buying an additional 79 shares during the last quarter. Institutional investors own 96.08% of the company’s stock.

About Expedia Group

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Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through Retail, B2B, and trivago segments. Its brand portfolio includes Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for marketing and distributing lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, and CheapTickets travel websites; ebookers, an online EMEA travel agent for travelers an array of travel options; Hotwire, which offers travel booking services; CarRentals.com, an online car rental booking service; Classic Vacations, a luxury travel specialist; and Expedia Cruise, a provider of advice for travelers booking cruises.

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Earnings History and Estimates for Expedia Group (NASDAQ: EXPE)



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