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Airbnb, Inc. (ABNB) Dips More Than Broader Markets: What You Should Know
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Airbnb, Inc. (ABNB - Free Report) closed at $166.49 in the latest trading session, marking a -1.36% move from the prior day. This change lagged the S&P 500's daily loss of 0.26%. Meanwhile, the Dow lost 0.16%, and the Nasdaq, a tech-heavy index, lost 0.04%.
Prior to today's trading, shares of the company had lost 0.48% over the past month. This has lagged the Computer and Technology sector's gain of 2.19% and the S&P 500's gain of 4.82% in that time.
Wall Street will be looking for positivity from Airbnb, Inc. as it approaches its next earnings report date. In that report, analysts expect Airbnb, Inc. to post earnings of $0.05 per share. This would mark year-over-year growth of 100.46%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.46 billion, up 70.12% from the year-ago period.
ABNB's full-year Zacks Consensus Estimates are calling for earnings of -$0.63 per share and revenue of $5.92 billion. These results would represent year-over-year changes of +95.94% and +75.33%, respectively.
Investors might also notice recent changes to analyst estimates for Airbnb, Inc.These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Airbnb, Inc. is currently a Zacks Rank #2 (Buy).
In terms of valuation, Airbnb, Inc. is currently trading at a Forward P/E ratio of 420.78. This valuation marks a premium compared to its industry's average Forward P/E of 35.37.
The Internet - Content industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 185, putting it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Airbnb, Inc. (ABNB) Dips More Than Broader Markets: What You Should Know
Airbnb, Inc. (ABNB - Free Report) closed at $166.49 in the latest trading session, marking a -1.36% move from the prior day. This change lagged the S&P 500's daily loss of 0.26%. Meanwhile, the Dow lost 0.16%, and the Nasdaq, a tech-heavy index, lost 0.04%.
Prior to today's trading, shares of the company had lost 0.48% over the past month. This has lagged the Computer and Technology sector's gain of 2.19% and the S&P 500's gain of 4.82% in that time.
Wall Street will be looking for positivity from Airbnb, Inc. as it approaches its next earnings report date. In that report, analysts expect Airbnb, Inc. to post earnings of $0.05 per share. This would mark year-over-year growth of 100.46%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.46 billion, up 70.12% from the year-ago period.
ABNB's full-year Zacks Consensus Estimates are calling for earnings of -$0.63 per share and revenue of $5.92 billion. These results would represent year-over-year changes of +95.94% and +75.33%, respectively.
Investors might also notice recent changes to analyst estimates for Airbnb, Inc.These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Airbnb, Inc. is currently a Zacks Rank #2 (Buy).
In terms of valuation, Airbnb, Inc. is currently trading at a Forward P/E ratio of 420.78. This valuation marks a premium compared to its industry's average Forward P/E of 35.37.
The Internet - Content industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 185, putting it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.