Expedia Group Inc (NASDAQ: EXPE) has reported E.P.S. of $-0.99 for its first fiscal quarter (ending March 31) versus $-0.95 for the same period a year ago. This result fell short of the consensus estimate of $0.08 by $-1.07. For the latest four quarters through March 31, E.P.S. were $5.57 versus $2.07 for the same period a year ago — an increase of 169%.
Recent Price Action
On 5/2/24, Expedia Group Inc (NASDAQ: EXPE) stock enjoyed a large increase of 2.2%, closing at $136.09. Moreover, this advance was accompanied by exceptionally high trading volume at 236% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, EXPE is expected to continue to be a major Value Builder.
Expedia Group has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Expedia Group has a neutral Appreciation Score of 56 but a good Power Rating of 84, and the Positive Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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