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Expedia (XPE) Plunge More Than Broader Markets: What You Need to Know

BusinessPersonal FinanceExpedia (XPE) Plunge More Than Broader Markets: What You Need to Know
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Expedia (EXPE) closed at $93.42 in the latest trading session, up -1.79% from the previous day. The change underperformed the S&P 500’s daily loss of 1.1%. Meanwhile, the Dow shed 1.19% and the tech-heavy index Nasdaq shed 3.27%.

Heading into today, shares of the online travel company were down 14.71% over the past month, trailing the retail-wholesale sector’s 5.15% loss and the S&P 500’s 3.02% loss during that time.

Wall Street is looking for positivity from Expedia as it nears the date of its next earnings report. The company is expected to report EPS -$0.04, up 91.67% from the prior-year quarter. Our most recent Consensus Estimate is calling for quarterly revenue of $2.68 billion, up 19.28% from the year-ago period.

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EXPE’s full-year Zacks Consensus Estimates are calling for earnings per share of $9.26 and revenue of $12.78 billion. These results would represent year-over-year changes of +36.38% and +9.55%, respectively.

It’s also important to note recent changes in analyst estimates for Expedia. These recent revisions reflect the evolving nature of short-term trading trends. As such, a positive estimates revision reflects analyst optimism about the company’s business and profitability.

Research indicates that these estimate revisions are directly related to near-term share price momentum. We developed Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and provides a clear, actionable rating model.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with the #1 stock up +25% since 1988. Generates an average annual return of Rs. Over the last 30 days, our consensus EPS projection has decreased by 1.32%. Expedia is currently Zacks Rank #3 (Hold).

Digging into valuation, Expedia currently has a forward P/E ratio of 10.27. This represents a discount to its industry average forward P/E of 19.21.

Investors should also note that EXPE currently has a PEG ratio of 0.73. The PEG ratio is similar to the widely used P/E ratio, but this metric also takes into account the company’s expected earnings growth rate. The Internet-commerce industry currently has an average PEG ratio of 1.1 as of yesterday’s close.

The Internet-commerce industry is part of the retail-wholesale sector. The group has a Zacks Industry Rank of 57, placing it in the top 23% of all 250+ industries.

The Zacks Industry Rank lists individual companies within each of these sectors in order from best to worst in terms of average Zacks Ranks. Our research shows that the top 50% of rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and many more, at Zacks.com.

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It’s a little-known chemical company that’s up 65% over the last year, yet still cheap. With continued demand, increased 2022 earnings estimates, and $1.5 billion to repurchase shares, retail investors could jump in at any time.

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Jax Investment Research

The views and opinions expressed here are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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