We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Airbnb, Inc. (ABNB) Stock Moves -1.2%: What You Should Know
Read MoreHide Full Article
Airbnb, Inc. (ABNB - Free Report) closed the most recent trading day at $82.49, moving -1.2% from the previous trading session. This move traded in line with S&P 500. Meanwhile, the Dow lost 1.1%, and the Nasdaq, a tech-heavy index, lost 2.86%.
Coming into today, shares of the company had lost 12.47% in the past month. In that same time, the Computer and Technology sector lost 7.42%, while the S&P 500 lost 4.77%.
Airbnb, Inc. will be looking to display strength as it nears its next earnings release. On that day, Airbnb, Inc. is projected to report earnings of $0.25 per share, which would represent year-over-year growth of 212.5%. Our most recent consensus estimate is calling for quarterly revenue of $1.85 billion, up 20.99% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.58 per share and revenue of $8.35 billion, which would represent changes of +552.63% and +39.36%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Airbnb, Inc.These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Airbnb, Inc. currently has a Forward P/E ratio of 32.33. This represents a premium compared to its industry's average Forward P/E of 21.16.
We can also see that ABNB currently has a PEG ratio of 1.56. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Internet - Content stocks are, on average, holding a PEG ratio of 1.56 based on yesterday's closing prices.
The Internet - Content industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 78, putting it in the top 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow ABNB in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Airbnb, Inc. (ABNB) Stock Moves -1.2%: What You Should Know
Airbnb, Inc. (ABNB - Free Report) closed the most recent trading day at $82.49, moving -1.2% from the previous trading session. This move traded in line with S&P 500. Meanwhile, the Dow lost 1.1%, and the Nasdaq, a tech-heavy index, lost 2.86%.
Coming into today, shares of the company had lost 12.47% in the past month. In that same time, the Computer and Technology sector lost 7.42%, while the S&P 500 lost 4.77%.
Airbnb, Inc. will be looking to display strength as it nears its next earnings release. On that day, Airbnb, Inc. is projected to report earnings of $0.25 per share, which would represent year-over-year growth of 212.5%. Our most recent consensus estimate is calling for quarterly revenue of $1.85 billion, up 20.99% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.58 per share and revenue of $8.35 billion, which would represent changes of +552.63% and +39.36%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Airbnb, Inc.These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Airbnb, Inc. currently has a Forward P/E ratio of 32.33. This represents a premium compared to its industry's average Forward P/E of 21.16.
We can also see that ABNB currently has a PEG ratio of 1.56. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Internet - Content stocks are, on average, holding a PEG ratio of 1.56 based on yesterday's closing prices.
The Internet - Content industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 78, putting it in the top 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow ABNB in the coming trading sessions, be sure to utilize Zacks.com.