--- title: "Down 23% This Year, What Lies Ahead For Expedia Stock Post Q2 Results?" description: "Expedia is set to announce its Q2 results, with little change expected in the stock price. The company has seen resilient travel demand and growth in its B2B and B2C segments, but slower recovery in i" type: "news" locale: "en" url: "https://longbridge.com/en/news/211083424.md" published_at: "2024-08-08T11:09:30.000Z" --- # Down 23% This Year, What Lies Ahead For Expedia Stock Post Q2 Results? > Expedia is set to announce its Q2 results, with little change expected in the stock price. The company has seen resilient travel demand and growth in its B2B and B2C segments, but slower recovery in its Vrbo segment. Full-year revenue growth is expected to be lower than anticipated. Expedia's stock has declined 23% YTD, while its peer Booking Holdings fell 3%. The company's valuation is in line with the current market price. SPAIN - 2022/03/11: In this photo illustration the Expedia logo seen displayed on a smartphone with ... \[+\] Expedia logo in the background. (Photo Illustration by Thiago Prudencio/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Expedia (NASDAQ: EXPE), a travel company providing everything from airline tickets, hotel rooms, and car rentals, to cruises, is scheduled to announce its fiscal second-quarter results on Thursday, August 8. We expect Expedia’s stock to likely see little to no movement with revenues and earnings matching consensus estimates in Q2 results. The company is benefiting from travel demand that has remained resilient despite macro headwinds. The B2B and B2C segment has performed well for the company’s retail side in terms of growth, while also driving margins higher. However, Vrbo segment’s recovery post-technical migration was slower than expected, impacting the overall performance in Q1. The company expects its full-year revenue growth to be lower than initially anticipated for 2024, prompting a revision of the full-year guidance to a range of mid- to high single-digit top-line growth. Expedia’s stock is down 23% so far YTD. In comparison, Expedia’s peer Booking Holdings (NASDAQ: BKNG) stock fell 3% year-to-date to $3417. EXPE stock has seen little change, moving slightly from levels of $130 in early January 2021 to around $118 now, vs. an increase of about 40% for the S&P 500 over this roughly 3-year period. Overall, the performance of EXPE stock with respect to the index has been quite volatile. Returns for the stock were 36% in 2021, -52% in 2022, and 73% in 2023. In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 24% in 2023 - indicating that **EXPE underperformed the S&P** in 2022. In fact, **consistently beating the S&P 500** - in good times and bad - has been difficult over recent years for individual stocks; for heavyweights in the Consumer Discretionary sector including AMZN, TSLA, and HD, and even for the megacap stars GOOG, MSFT, and AAPL. In contrast, the Trefis High Quality Portfolio, with a collection of 30 stocks, has **outperformed the S&P 500 each year** over the same period. **Why is that?** As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride as evident in HQ Portfolio performance metrics. Given the current uncertain macroeconomic environment with high oil prices and elevated interest rates, could EXPE face a similar situation as it did in 2022 and **underperform the S&P** over the next 12 months - or will it see a strong jump? Our forecast indicates that Expedia’s valuation is $122 per share, which is in line with the current market price. Look at our interactive dashboard analysis on **Expedia Earnings Preview:** **What To Expect in Q2?** for more details. EXPE Earnings Estimates for FY 2024Q2 Trefis **(1) Revenues and EPS expected to be in line with the consensus estimates** Trefis estimates Expedia’s Q2 2024 revenues to be around $3.5 Bil, in line with the consensus estimate. In Q1, the company grew to $2.9 billion, which was up 8% year-over-year (y-o-y), driven by strong performance in B2B, Brand Expedia, and advertising businesses. The company’s total gross bookings were $30.2 billion, an increase of 3% y-o-y. Booked room nights increased 7% y-o-y and lodging revenue improved by 4% in Q1. Expedia’s Q2 2024 earnings per share is expected to come in at $3.07 as per Trefis analysis, matching the consensus estimate. Expedia ended the quarter with strong liquidity of $8.2 billion, supported by an unrestricted cash balance of $5.7 billion and an undrawn revolving line of credit of $2.5 billion. Its debt was approx $6.3 billion at the end of Q1. **(2) Stock price estimate in line with the current market price** Going by our Expedia’s Valuation, with an EPS estimate of around $8.83 and a P/E multiple of around 13.8x in fiscal 2024, this translates into a price of $122, which is almost in line with the current market price. It is helpful to see how its peers stack up. EXPE Peers shows how Expedia compares against its peers on metrics that matter. You will find other useful comparisons for companies across industries at Peer Comparisons. EXPE Return Compared with Trefis Reinforced Value Portfolio Trefis Invest with **Trefis** **Market Beating Portfolios** See all **Trefis** **Price Estimates** ### Related Stocks - [EXPE.US - Expedia](https://longbridge.com/en/quote/EXPE.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 网络安全威胁持续对 Expedia 的运营和声誉构成风险 | Expedia (EXPE) 已将网络安全识别为一个重大风险，可能影响其运营和声誉。该公司强调保护数据和技术的重要性，以维持旅行者、合作伙伴和员工之间的信任。尽管董事会进行监督，但不断演变的网络威胁可能会暴露出脆弱性。EXPE 的平均股票价 | [Link](https://longbridge.com/en/news/275967729.md) | | D.A. Davidson 重申了他们对 Expedia (EXPE) 的持有评级 | D.A. 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