[Investor’s Business Daily] Expedia Inc (NASDAQ:EXPE)(TREND ANALYSIS) reported a mixed Q3, with sales slightly missing views and earnings slightly beating, in its first financial report since acquiring rival online travel agency Orbitz on Sept. 17.
Expedia (NASDAQ:EXPE) reported Q3 revenue of $1.94 billion, up 16% from $1.66 billion in the year-earlier quarter. Earnings per share ex items rose 6% to $2.07. The company said the results included 14 days of Orbitz financials.
Analysts polled by Thomson Reuters had estimated EPS ex items of $2.05 on revenue of $1.95 billion.
“The third quarter was another strong one for Expedia,” Expedia CEO Dara Khosrowshahi said on the firm’s earnings conference call with analysts. “We continue to invest in people, processes and technology, and our organization is on-boarding hotels in record time at higher quality than we ever have.”
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Expedia Inc (NASDAQ:EXPE) stock is currently trading 3.38% below its 52-week-high, 66.44% above its 52-week-low. The 1-year stock price history is in the range of $76.34 – $131.51. Expedia Inc (EXPE) has a price to earnings ratio of 20.53 versus Services sector average of 27.58. EXPE stock price has outperformed the Nasdaq by 39.2%. The E-Commerce & Services company is currently valued at $16.41 billion and its share price closed the last trading session at $127.06. The stock has a 50-day moving average of $123.58 and a 200-day moving average of $112.39.
Expedia Inc (EXPE) current short interest stands at 10.91 million shares. It has decreased by 4% from the same period of last month. Around 11% of the company’s shares, which are float, are short sold. With a 10-days average volume of 2.47 million shares, the number of days required to cover the short positions stand at 4.5 days.
EXPE reported last quarter earnings on October 29. The E-Commerce & Services company announced earnings per share of $2.07 against a consensus Street estimate of $1.91, beating the average estimate by $0.16. This corresponds to an increase of $1.23 compared to the same quarter of the previous fiscal year.
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There are currently twenty-seven analysts that cover Expedia Inc stock. Of those twenty-seven, fourteen have a Buy rating, thirteen have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $132.25.
A recent analyst activity consisted of Cowen & Company reiterating their Outperform stance on September 22. Cowen & Company increased their price target on EXPE from $135 to $150. This corresponds to a 18.05% upside from the last closing price. On the date of report, the stock closed at $124.88.
CanaccordGenuity reiterated their Buy stance on September 17, and increased their price target on EXPE stock from $130 to $140. This corresponds to a 10.18% upside from the last closing price. On the date of report, the stock closed at $128.83.
Another research firm was Barclays who reiterated their Overweight stance on July 31. Barclays increased their price target on Expedia Inc from $125 to $130. This translates to a 2.31% upside from the last closing price. On the date of report, the stock closed at $121.17.
Expedia, Inc. provides branded online travel services for leisure and small business travelers. The Company offers a wide range of travel shopping and reservation services, providing real-time access to schedule, pricing and availability information for airlines, hotels, and car rental companies.