We recently compiled a list of the 10 Stocks Battered by Bearish Outlooks. In this article, we are going to take a look at where Expedia Group, Inc. (NASDAQ:EXPE) stands against the other stocks.

Ten firms ended Tuesday suffering a sell-off, as investor sentiment continues to be dampened by macroeconomic uncertainties and bearish outlooks from analysts and their management.

The stocks--three of which belong to the travel and tourism industry--registered losses following lower outlook guidance, taking into account the potential effects of President Donald Trump’s trade war with other countries.

The pessimistic sentiment mirrored the broader market decline, with the Dow Jones slashing another 1.14 percent during the day, the S&P dropping 0.76 percent, and the Nasdaq dipping 0.18 percent.

To come up with the list, we considered only the stocks with at least $2 billion in market capitalization and $5 million in trading volume.

People interacting with a travel website, searching for the perfect destination.

Expedia Group, Inc. (NASDAQ:EXPE)

Expedia Group, Inc. (NASDAQ:EXPE) retreated for a second day on Tuesday as investors repositioned portfolios following the dismal outlook guidance from the airline industry that dampened buying appetite for the travel and tourism sector.

During the last trading session, Expedia Group, Inc. (NASDAQ:EXPE) slashed its share prices by 7.28 percent to end at $163.75, tracking the bearish outlook for the industry by Delta Airlines, American Airlines, and Southwest Airlines, each lowering estimates for revenues, earnings per share, and seat miles following uncertainties brought about by the ongoing trade war between the United States and its trading partners.

Last year, Expedia Group, Inc. (NASDAQ:EXPE) registered a strong earnings performance in both the fourth quarter and the full year of 2024.

In its latest earnings release, the company said that attributable net income for the last quarter soared 124 percent to $299 million from the $132 million registered in the same period in 2023. Revenues, meanwhile, increased by 10 percent to $3.184 billion from $2.887 billion.

For the full year, attributable net income surged 55 percent to $1.234 billion from the $797 million registered in 2023, as revenues inched up by 7 percent to $13.69 billion from $12.389 billion year-on-year.

Overall EXPE ranks 4th on our list of Tuesday's worst performers. While we acknowledge the potential of EXPE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than EXPE but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

 

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Disclosure: None. This article is originally published at Insider Monkey.