Expedia Shares Drop On Lower Guidance, Analyst Downgrades: Details
Portfolio Pulse from Erica Kollmann
Expedia Group, Inc. (NASDAQ:EXPE) shares fell after reporting Q1 results, beating earnings and revenue estimates but lowering full-year guidance due to slower Vrbo recovery. Analysts downgraded the stock and lowered price targets.

May 03, 2024 | 1:00 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Expedia shares dropped after Q1 earnings beat but with lowered full-year guidance. Analysts downgraded the stock and adjusted price targets.
The drop in Expedia's shares is directly tied to the company's lowered full-year guidance, indicating a slower recovery for Vrbo. Analyst downgrades and lowered price targets further contribute to negative sentiment, likely impacting the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100