Expedia stock is up 24% due to strong travel demand, technology investments, and shareholder value enhancements.

From Nasdaq: 2024-12-27 04:08:16

Expedia (NASDAQ: EXPE) stock is up 24% year-to-date, in line with the S&P 500. Tripadvisor (NASDAQ: TRIP) is down 36% this year. Expedia benefits from strong travel demand, technology investments, and shareholder value enhancements. Q3 revenue reached $4.06 billion, with B2B performance leading the way. Performance has been volatile, but a portfolio of 30 stocks has outperformed consistently.

Revenue for Expedia is forecasted to reach $13.6 billion in 2024, up 6% year-over-year. This has led to a revised valuation of $185 per share. Comparisons with peers show how EXPE stock stacks up in the industry. The Trefis High Quality Portfolio has outperformed the S&P 500 consistently, offering better returns with less risk.

Financial highlights include a 61% increase in net income and a 76% growth in diluted EPS to $5.04. A CFO transition was announced with Julie Whalen stepping down. The Trefis Reinforced Value Portfolio has shown strong cumulative total returns since 2016. Overall, Expedia continues to show growth potential and resilience in the market.



Read more at Nasdaq: Why Is Expedia Stock Up 24% This Year?