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What's in the Cards for Expedia Group in Q2 Earnings?
Expedia Group, Inc. (NASDAQ: EXPE) is scheduled to report its second-quarter 2024 results on Aug 8.
For the to-be-reported quarter, the Zacks Consensus Estimate for revenues is pegged at $3.54 billion, suggesting growth of 5.4% from the year-ago quarter's reported figure.
The consensus mark for earnings is pegged at $3.17 per share, suggesting growth of 9.7% from the figure reported in the year-ago quarter.
We note that EXPE's bottom line surpassed the Zacks Consensus Estimate in all the trailing four quarters, the surprise being 47.34%, on average.
Let's see how things have shaped up for the upcoming announcement.
Expedia Group, Inc. Price and EPS Surprise
Expedia Group, Inc. price-eps-surprise | Expedia Group, Inc. Quote
Key Factors to Note
Expedia's second-quarter 2024 results are likely to have benefited from solid momentum across gross bookings, driven by increasing ‘booked room nights' and accelerating lodging revenues, particularly for its hotel business.
The Zacks Consensus Estimate for gross bookings is pinned at $28.68 billion, suggesting growth of 5% year over year.
The company's growing initiatives to infuse ...