Is Now a Good Time to Buy Expedia?

Let’s talk about Expedia (NASDAQ:EXPE).

The stock took a big hit last week, with the rest of that whole transportation complex. Historically it’s a very volatile stock to begin with, although historically it’s been a great buy on dips.

Now that said, the company’s earnings are coming out on October 30th. The Street is looking for $1.74, that’s actually down from a few months earlier.

However, the guidance is going to be the key - and for next fiscal year, Wall Street has been ratcheting up its earnings estimates. Right now they’re looking for $4.68, before it was like $4.48.

From here technically, as far as the stock is concerned, I think it goes to $86, longer term $96. I think you can look at it as a trading vehicle, I really love this long term. But it’s extraordinarily volatile, so know who you are as an investor.

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