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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 the most recent trading day at $164.16, moving -1.37% from the previous trading session. This change lagged the S&P 500's daily loss of 1.23%. Meanwhile, the Dow lost 1.29%, and the Nasdaq, a tech-heavy index, lost 0.34%.
Heading into today, shares of the company had gained 0.73% over the past month, lagging the Computer and Technology sector's gain of 4.45% and the S&P 500's gain of 5.04% in that time.
Wall Street will be looking for positivity from Airbnb, Inc. as it approaches its next earnings report date. The company is expected to report EPS of -$0.24, up 86.29% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.46 billion, up 64.5% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.50 per share and revenue of $8.02 billion, which would represent changes of +363.16% and +33.88%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Airbnb, Inc.These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 5.3% higher. Airbnb, Inc. is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Airbnb, Inc. has a Forward P/E ratio of 110.96 right now. This valuation marks a premium compared to its industry's average Forward P/E of 26.54.
The Internet - Content industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 112, which puts it in the top 45% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Airbnb, Inc. (ABNB) Dips More Than Broader Markets: What You Should Know
Airbnb, Inc. (ABNB - Free Report) closed the most recent trading day at $164.16, moving -1.37% from the previous trading session. This change lagged the S&P 500's daily loss of 1.23%. Meanwhile, the Dow lost 1.29%, and the Nasdaq, a tech-heavy index, lost 0.34%.
Heading into today, shares of the company had gained 0.73% over the past month, lagging the Computer and Technology sector's gain of 4.45% and the S&P 500's gain of 5.04% in that time.
Wall Street will be looking for positivity from Airbnb, Inc. as it approaches its next earnings report date. The company is expected to report EPS of -$0.24, up 86.29% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.46 billion, up 64.5% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.50 per share and revenue of $8.02 billion, which would represent changes of +363.16% and +33.88%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Airbnb, Inc.These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 5.3% higher. Airbnb, Inc. is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Airbnb, Inc. has a Forward P/E ratio of 110.96 right now. This valuation marks a premium compared to its industry's average Forward P/E of 26.54.
The Internet - Content industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 112, which puts it in the top 45% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.