Expedia Group, Inc. (NASDAQ:EXPE) is reporting third quarter financial results on Wednesday 4th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, EXPE is expected to report 3Q20 loss of $ 0.79 per share from revenue of $ 1381.47 million.
For the full year, analysts anticipate top line of $ 5574.46 million, while looking forward to loss of $ 7.19 per share bottom line.
Previous Quarter Performance
Expedia Group, Inc. announced loss for the second quarter of $ 4.09 per share, from the revenue of $ 566.00 million. The quarterly revenues fell 82.05 percent compared with the same quarter last year. The consensus estimates are loss of $ 3.34 per share from $ 675.33 million in revenue. The bottom line results missed street analysts by $ 0.75 or 22.46 percent, at the same time, top line results fell short of analysts by $ 109.33 million or 16.19 percent.
Stock Performance
Shares of Expedia Group, Inc. traded up $ 4.08 or 4.31 percent on Tuesday, reaching $ 98.80 with volume of 2.64 million shares. Expedia Group, Inc. has traded high as $ 99.75 and has cracked $ 95.51 on the downward trend
According to the previous trading day, closing price of $ 98.80, representing a 132.38 % increase from the 52 week low of $ 40.76 and a 30.68 % decrease over the 52 week high of $ 136.65.
The company has a market capital of $ 13.95 billion and is part of the Consumer Cyclical sector and Leisure industry.
Recent Analyst recommendations
- On 15th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 88.00 target price.
- On 28th September 2020, downgraded by RBC Capital to Sector Perform from Outperform rating.
- On 11th September 2020, downgraded by UBS Group to Neutral from Buy rating, with $ 116.00 target price.
Conference Call
Expedia Group, Inc. will be hosting a conference call at 4:30 PM eastern time on 4th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.expediagroup.com
Expedia Group, Inc., together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, alternative accommodations, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.
