Expedia Stock's Slow Q4 Outlook Overshadows Q3 Beat

Shares of Expedia Group, Inc. (NASDAQ:EXPE) were last seen down 7.6% to trade at $292, after the the travel firm posted a slower-than-expected fourth-quarter bookings and revenue outlook. The company now expects Q4 gross bookings of $27.9 billion to $28.4 billion and revenue of $3.69 billion to $3.75 billion. But the grim outlook is overshadowing the company's third-quarter earnings of $9.39 per share on revenue of $4.9 billion and a hiked full-year outlook.

Expedia stock managed a 10.5% pop yesterday but today's slip has already wiped out those gains, as the shares eye their worst day since Feb. 3. EXPE closed above $300 for the first time in two-months yesterday. The 120-day moving average is keeping losses in check though, while the shares are toeing their year-to-date breakeven level.

Options traders are more bullish than usual. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), EXPE sports a 10-day call/put volume ratio of 1.42 ranks in the 90th percentile of its annual range

EXPE also tends to outperform options traders' volatility expectations. This is per its Schaeffer's Volatility Scorecard (SVS) of 92 out of 100.