Online travel agency Expedia (NASDAQ: EXPE) will be announcing earnings results tomorrow before market open. Here's what you need to know.
Last quarter Expedia reported revenues of $2.67 billion, up 18.5% year on year, in line with analyst expectations. It was a decent quarter for the company, with impressive growth in its user base. The company reported 94.5 million nights booked, up 22.7% year on year.
Is Expedia buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Expedia's revenue to grow 6.03% year on year to $3.37 billion, slowing down from the 50.7% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.36 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates three times over the last two years.
With Expedia being the first among its peers to report earnings this season, we don't have anywhere else to look at to get a hint at how this quarter will unravel for consumer internet stocks, but there has been positive sentiment among investors in the segment, with the stocks up on average 10.2% over the last month. Expedia is up 7.55% during the same time, and is heading into the earnings with analyst price target of $132.13, compared to share price of $119.96.
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The author has no position in any of the stocks mentioned.