Expedia stock down 23% YTD due to slow Vrbo recovery and revised revenue growth

From Nasdaq: 2024-08-08 20:47:43

Expedia (NASDAQ: EXPE) is set to announce Q2 results, with revenues and earnings expected to meet consensus estimates. While B2B and B2C segments drive growth, Vrbo’s slow recovery impacted Q1 performance. Full-year revenue growth revised lower, stock down 23% YTD. Peers like Booking Holdings are also affected, falling 3% to $3417.

EXPE stock has been volatile, underperforming the S&P 500 in 2022. Trefis estimates its valuation at $122 per share. Q2 revenues projected at $3.5B, up 8% YoY, with EPS at $3.07. The company holds strong liquidity and debt of approximately $6.3 billion. Peers’ comparisons are available for insights.

With an EPS estimate of $8.83 and P/E multiple of 13.8x in fiscal 2024, Expedia’s valuation is in line with the current market price at $122 per share. Returns for EXPE were -8% in August 2024, -23% YTD, and 7% total since 2017, underperforming the S&P 500 in the same period. Consult Trefis for market-beating portfolios and price estimates.



Read more at Nasdaq: Down 23% This Year, What Lies Ahead For Expedia Stock Post Q2 Results?