What's Going On With Expedia (EXPE) Stock?

Expedia Group Inc EXPE shares are trading higher by 3.3% to $116.99 during Thursday’s session. Traders and investors are watching for the company’s second-quarter results, confirmed for Thursday’s after-hours session. According to analyst consensus estimates, Expedia is expected to report EPS of $3.06 on revenue of $3.534 billion.

What Else?

Expedia Group’s shares dropped in May after the company reported its first-quarter results and revised its full-year guidance downward. The company posted a loss of 21 cents per share, which was better than the anticipated loss of 24 cents.

Revenue for the quarter was $2.89 billion, exceeding expectations and marking an 8.41% increase from the previous year. Gross bookings grew 3% to $30.2 billion, with a 12% rise in hotel bookings.

CEO Peter Kern attributed the mixed results to a slower recovery for Vrbo, which impacted overall bookings. As a result, Expedia adjusted its full-year growth forecast to mid to high single digits. Analysts responded by downgrading the stock and lowering their price targets.

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Is EXPE A Good Stock To Buy?

When deciding whether to buy a stock, there are some key fundamentals investors may want to consider. One of these factors is revenue growth. Buying a stock is essentially a bet that the business will continue to grow and generate profits in the future.

Expedia Group has reported average annual revenue growth of 27.59% over the past 5 years. .

It's also important to pay attention to valuation when deciding whether to buy a stock. Expedia Group has a forward P/E ratio of 9.68. This means investors are paying $9.68 for each dollar of expected earnings in the future. The average forward P/E ratio of Expedia Group's peers is 19.12.

Other important metrics to look at include a company's profitability, balance sheet, performance relative to a benchmark index and valuation compared to peers. For in-depth analysis tools and important financial data, check out Benzinga PRO.

EXPE has a 52-week high of $160.05 and a 52-week low of $92.48.