What to Watch For When Expedia Reports Q2 Earnings
The summer earnings season is upon us, and on Thursday Expedia (NASDAQ: EXPE) will post its latest quarterly figures. Here are a few key line items investors should keep an eye on when the monster online travel agency (OTA) unveils those Q2 results.
On average, analysts are expecting a per-share net profit of $0.93 for Expedia, on revenue of $2.54 billion. If the company matches those numbers, they would represent encouraging year-over-year improvements on both the top and bottom lines -- in Q2 2016, the company booked just under $2.2 billion in revenue and EPS of $0.83.
Expedia's revenue derives from a key metric that every investor in the OTA space should always keep a sharp eye on -- gross bookings. This line item is the total value of all the company's customer bookings during the year. It has been growing nicely for Expedia.
Source: Fool.com