Consumer Discretionary·Hotels, Resorts & Cruise Lines·$30.8B
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $-1.83 | N/A | -15.82% |
| Revenue | N/A | N/A | N/A |
management commentary, guidance changes, and full analysis available with Pro.
| EPS | $-1.83 | N/A | -15.82% |
| Revenue | N/A | N/A | N/A |
Tone: Defensive
Management expressed concern over the ongoing effects of COVID-19 on the travel industry. They are prioritizing financial stability during this challenging period.
Management acknowledged the significant impact of the pandemic on travel demand.
They emphasized a focus on cost management and liquidity.
Future recovery remains uncertain, with no clear timeline.
Expedia's earnings report reflects the severe impact of the pandemic on its business, as indicated by the negative EPS. Despite the miss, the stock rose by 4.23%, likely due to investors reacting positively to management's focus on cost management and liquidity. The lack of guidance suggests uncertainty about the recovery of the travel sector in the near future.
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DANAOS CORP
May 18, 2020