Expedia Group Inc (NASDAQ:EXPE) shares are trading significantly lower Tuesday. The stock initially traded higher Monday following the company's better-than-expected results, but it turned lower after Hilton Worldwide Holdings Inc (NYSE:HLT) issued guidance below analyst estimates.
Expedia reported first-quarter revenue of $2.25 billion, which beat the $2.23 billion estimate, according to data from Benzinga Pro. The company said gross bookings totaled $24.4 billion during the quarter, which was up 58% year-over-year.
Expedia reported a first-quarter earnings loss of 47 cents per share, which beat the estimate for a loss of 58 cents per share.
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Hilton issued second-quarter adjusted earnings guidance of 98 cents per share to $1.03 per share versus the estimate of $1.07 per share. Hilton said it expects full-year 2022 adjusted earnings to be between $3.77 and $4.02 per share versus the estimate of $4.10 per share.
Analyst Assessment:
- Piper Sandler maintained Expedia with an Overweight rating and lowered the price target from $231 to $225.
- Credit Suisse maintained Expedia with an Outperform rating and lowered the price target from $231 to $225.
- RBC Capital maintained Expedia with a Sector Perform rating and lowered the price target from $200 to $185.
- Mizuho maintained Expedia with a Neutral rating and raised the price target from $155 to $172.
- Deutsche Bank maintained Expedia with a Buy rating and raised the price target from $218 to $235.
- Morgan Stanley maintained Expedia with an Equal-Weight rating and lowered the price target from $215 to $210.
EXPE 52-Week Range: $136.77 - $217.72
The stock was down 13.8% at $150.74 at press time.
Photo: romaneau from Pixabay.
