Expedia (EXPE) Reports Q4: Everything You Need To Know Ahead Of Earnings

Jabin Bastian /
2023/02/08 4:03 am EST

Online travel agency Expedia (NASDAQ: EXPE) will be reporting earnings tomorrow after the bell. Here's what investors should know.

Last quarter Expedia reported revenues of $3.62 billion, up 22.2% year on year, in line with analyst expectations. It was a mixed quarter for the company, with a growing number of users and a miss of the bottom line analyst estimates. The company reported 93.2 million nights booked, up 19.8% 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 18% year on year to $2.69 billion, slowing down from the 148% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.68 per share.

Expedia Total Revenue

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.

Looking at Expedia's peers in the consumer internet segment, some of them have already reported Q4 earnings results, giving us a hint what we can expect. Meta's revenues decreased 4.47% year on year, beating analyst estimates by 1.5% and Snap reported revenues up 0.14% year on year, missing analyst estimates by 0.62%. Meta traded up 23.3% on the results, Snap was down 10.4%. Read our full analysis of Meta's results here and Snap's results here.

There has been positive sentiment among investors in the consumer internet segment, with the stocks up on average 34.3% over the last month. Expedia is up 28.2% during the same time, and is heading into the earnings with with analyst price target of $130.2, compared to share price of $121.

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The author has no position in any of the stocks mentioned.