Expedia Fell Ahead of Earnings

Published on Wednesday, 08 February 2012 22:56 Written by Christopher Lynn

New York, February 8^th (TradersHuddle.com) – Shares of Expedia (NASDAQ: EXPE), the owner of Expedia.com and Hotels.com, fell 1.15% to $33.65 in the session prior to its earnings report scheduled for tomorrow after the closing bell.

The Benchmark Company bumped its target price on the stock to $34 from $31. The firm said that the company could record 7% year over year bookings growth to $6.2 billion, leading to a 9% year over year revenue growth to $806 million, with growth potentially hindered by the challenging European environment and domestic competition.

On average analysts expect a profit of $0.54 per share on revenues of $815 million. Last quarter the company posted a 12.3% downside surprise, as it earned $1.28 per share. The lowest earnings estimate is $0.33 per share, while the highest earnings estimate is $0.72 per share.

Expedia has jumped close to 16% so far this year.