RBC Capital Remains Bullish on Expedia (EXPE) Following Mixed 3Q

October 28, 2016 7:24 AM EDT
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Price: $118.81 --0%

Rating Summary:
    27 Buy, 17 Hold, 1 Sell

Rating Trend: = Flat

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RBC Capital reiterated an Outperform rating and $165.00 price target on Expedia (NASDAQ: EXPE) following the company's 3Q earnings report. Gross Bookings reached $18.6B, missing the Street’s $19.2B estimate. Adjusted EPS of $2.41 also missed the Street’s $2.47 expectation. However, revenue of $2.58B came in above the Street’s $2.54B.

Analyst Mark Mahaney commented, "Q3 results were modestly positive, with EXPE beating the Street on the Revenue and EBITDA lines. Q3 Organic Room Night growth of 11% was weak, but called out positive linearity during the quarter that has continued into Q4. Reiterating Outperform and $165 price target."

For an analyst ratings summary and ratings history on Expedia click here. For more ratings news on Expedia click here.

Shares of Expedia closed at $126.42 yesterday.

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