
NASDAQ:EXPE
This summary was created by AI, based on 7 opinions in the last 12 months.
Expedia (EXPE-Q) is regarded positively among experts for its solid position in the travel industry, boasting a strong brand, established relationships, and consistent free cash flow. Analysts highlight the company's growth potential in leisure travel, despite challenges in the business sector post-COVID. The effective use of AI technology is seen as pivotal for enhancing its platform and operational efficiency. With earnings growth projected to be around 18-20% and a reasonable forward PE ratio, the stock is considered a good long-term investment, despite concerns about AI competition. Overall, the travel giant remains well-positioned to capitalize on increasing global travel demand, supported by favorable demographic trends.
Though expectations were low, they just delivered excellent numbers. Gross booking slightly missed, but revenue and adjusted EPS beat, and this was largely due to their share buyback of $1.8 billion in the first 9 months of this year. They will buy back another $5 billion, too. They will amount o a third of their shares. Also, they reiterated guidance for double-digit topline growth. Investments in their loyalty program are working. Trades at a low 9x 2024 PE though he doesn't understand why it's so low.
Is popping 18% today after reporting. Expectations were very low. What's good is their geographic exposure, not that exposed to the Middle East which is effected by war now. Rather, Expedia is more focused domestically. The $5 billion share buyback was strong and will continued. Margins are wide, too.
In line with cyclicals and discretionary areas, should see signs of improvement. Things are getting less worse. Sideways trading range. Travel is starting to turn up.
Easy way to limit risk is near recent lows around $90, and wait for an upside breakout. Next target levels are $105 and $120. If it goes below $90 take off the position, as the market is always right.
It's up 43% in November so far. He added it before that move, so he's glad. They benefit from having less activity in the Middle East than Booking Holdings.