The financial results of travel and hospitality giants like Booking Holdings, Airbnb and Expedia will bring them to the forefront. The numbers provided will give more information about the growth of the companies and their impact on the travel market. The article gives their predictions ahead of the results.
Stock price Analysis of Airbnb
Airbnb, a leading player in travel and hospitality offers worldwide vacation rentals. The perceived benefits of its services have led millions to use them each quarter.
Airbnb has seen its business slow down in recent years due to increased competition by companies such as Booking and Expedia. Recent results show that Airbnb’s fourth-quarter revenues rose by 12 percent to $2.5 Billion, which brings the total annual revenue to $11.1 Billion. Net income increased by 19%, to $461 millions. The annual figure jumped from $2.6 billion to $2.6 trillion.
Analysts predict that Airbnb will report a 5.5% increase in revenue for Q1. This is compared to the same quarter of last year.
In the last few months, the price of Airbnb has come under increasing pressure. Its stock price, which initially surged after its earnings announcement, has since lost those gains. Today it is trading at $122.
The daily chart has a death-cross pattern, which means that the downward trend will continue even after earnings. Support and resistance will be held at $130 and $100 (200-day average).
Check out the Airbnb Stock Price Analysis: Bullish Patterns are Forming
Booking Holdings Stock Price Forecast
Booking Holdings, a leading company, owns popular brands such as Booking.com Priceline KAYAK and OpenTable.
A company that’s been around for many years has achieved a lot in recent years.
Recent results show that revenues rose 11% by 2024 while net income increased 47%. The average number of room nights rose 9%, to 1.1 billion.
Booking Holdings’ net profit jumped to $6 billion, a total of $23.7 billion.
Analysts expect the company to report revenues of $4.59billion, an increase of 4% annually. The company’s forecast for this year is $25.23billion, and $27billion next year.
Daily chart of the Booking Stock Price shows a downward trend in recent months. The price dropped from $5,325 to $4,800 in December.
Stock has formed a flag-like pattern that indicates a possible rebound. The next level to be watched is $5,325, which represents a 10% increase from its current value.
You can read more about how the booking stock price forms a dangerous pattern before earnings.
Expedia Group Stock Analysis
Expedia Group, which includes Expedia Hotels Group Vrbo Orbitz Travelocity and Expedia Group will announce its results May 8th.
Expedia reported that its revenue grew by 10% to $3.18 Billion in the last quarter. Expedia’s operating profit jumped 109% from $216 million to $2.40 billion.
Analysts are expecting the figures to indicate that Expedia did moderately well during Q1. Estimates suggest that revenue increased by 4.5%, to $3.01 Billion. Its revenue is estimated to be $14.38 Billion per year.
Expedia’s stock has dropped dramatically in recent weeks. It went from $206 at its high to just $160. As the difference between the 50-day and 200-day moving averages narrowed, the stock price is about to make a death-cross pattern.
There is therefore a possibility that the share price will fall and, possibly, retest its support level of $150 following the earnings.
The forecasts for Booking, Expedia, and Airbnb stocks ahead of earnings are subject to change as new information becomes available.
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