Hot Travel Stock Expedia Breaks Out With Earnings On Tap

Expedia (EXPE) reports earnings late Thursday for the fourth quarter as travel rebounds from October lows. Heading into results, Expedia stock struck a 52-week high, breaking out into buy range.


Expedia Earnings Set To Jump

Estimates: Analysts project Expedia earnings of $1.67 per share, a 33% increase year over year, but marking the second consecutive quarter of slowing earnings growth. Revenue is expected to climb 9.7% to $2.873 billion, according to FactSet.

During the key holiday quarter, Wall Street predicts bookings grew 7.2% to $21.997 billion.

Results: Check back after the close.

Expedia Stock Breaks Out After Key Support

Shares of the online travel and booking site rose 3.3% to 159.47 on the stock market today. Expedia stock cleared a 155.84 buy point from a six-week flat base after trying to do so on Wednesday, according to MarketSmith charts.

The online stock’s breakout comes as part of this week’s strong rebound from the 10-week moving average.

But buying right ahead of earnings is highly risky.

The 7%-deep flat base formed after a huge move from early November to late December.

Both Expedia and (BKNG) are on the IBD Leaderboard watchlist.

Booking stock gained 3.5% to a record high Thursday. Shares are on track for their sixth straight advance, rebounding from the 10-week line.

Travel Rebounds After Slump

As travel demand rebounds, Expedia has surged 32% in the past year. It plunged for much of 2022 amid travel headwinds, including the omicron coronavirus variant, the war in Ukraine and rising inflation.

Yet the character of Expedia’s stock action appears to have changed bullishly, almost all following its Q3 earnings report on Nov. 2. Since October, EXPE stock counts four weeks of gains in heavy volume and zero down weeks in above-average turnover, according to Leaderboard analysis.

In February so far, Expedia stock is up 7% amid a slew of analyst price-target hikes ahead of its earnings report, FactSet shows.


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