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Expedia Earnings In Retrospect: Down 4.3% in the Last 11 Days (EXPE)

Published on Sat, 02/16/2013 - 09:14
By Adrienne Chilton

11 days ago, on February 5th, 2013, Expedia (NASDAQ:EXPE) reported its earnings. Analysts, on average, expected earnings of $0.65 per share on sales of $931.0 million. The company actually reported EPS of $0.63 on sales of $974.9 million, missing EPS estimates by $0.02 and beating revenue estimates by $43.9 million. Shares of Expedia have slipped from $67.50 to $64.58, representing a loss of 4.3%, since the company reported earnings 11 days ago.

In the past 52 weeks, shares of Expedia have traded between a low of $19.61 and a high of $68.09 and closed Thursday at $64.58, which is 229% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.4% while the 50-day MA has advanced 0.6%.

Expedia, Inc. provides branded online travel services for leisure and small business travelers. The Company offers a wide range of travel shopping and reservation services, providing real-time access to schedule, pricing and availability information for airlines, hotels, and car rental companies.

Potential upside of 13.0% exists for Expedia, based on a current level of $64.58 and analysts' average consensus price target of $72.95. The stock should find initial support at its 50-day moving average (MA) of $62.84 and further support at its 200-day MA of $54.50.

By Adrienne Chilton
achilton@fnno.com