Will Expedia (EXPE) Beat Estimates Again in Its Next Earnings Report?

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Expedia (EXPE), which belongs to the Zacks Internet – Commerce industry.

This online travel company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 5.61%.

For the last reported quarter, Expedia came out with earnings of $6.13 per share versus the Zacks Consensus Estimate of $6.10 per share, representing a surprise of 0.49%. For the previous quarter, the company was expected to post earnings of $3.17 per share and it actually produced earnings of $3.51 per share, delivering a surprise of 10.73%.

Thanks in part to this history, there has been a favorable change in earnings estimates for Expedia lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an…