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) Outpaces Stock Market Gains: What You Should Know
Read MoreHide Full Article
Airbnb, Inc. (ABNB - Free Report) closed at $118.80 in the latest trading session, marking a +1.88% move from the prior day. This move outpaced the S&P 500's daily gain of 1.42%. At the same time, the Dow added 1%, and the tech-heavy Nasdaq gained 5.16%.
Prior to today's trading, shares of the company had lost 5.41% over the past month. This has lagged the Computer and Technology sector's gain of 6.12% and the S&P 500's gain of 0.27% in that time.
Investors will be hoping for strength from Airbnb, Inc. as it approaches its next earnings release. On that day, Airbnb, Inc. is projected to report earnings of $0.14 per share, which would represent year-over-year growth of 566.67%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.79 billion, up 18.8% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.38 per share and revenue of $9.65 billion. These totals would mark changes of +21.15% and +14.88%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Airbnb, Inc.Recent revisions tend to reflect the latest near-term business trends. 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. 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Airbnb, Inc. currently has a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Airbnb, Inc. has a Forward P/E ratio of 34.54 right now. This represents a premium compared to its industry's average Forward P/E of 17.88.
Investors should also note that ABNB has a PEG ratio of 1.85 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Internet - Content stocks are, on average, holding a PEG ratio of 1.85 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 61, putting it in the top 25% 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Airbnb, Inc. (ABNB) Outpaces Stock Market Gains: What You Should Know
Airbnb, Inc. (ABNB - Free Report) closed at $118.80 in the latest trading session, marking a +1.88% move from the prior day. This move outpaced the S&P 500's daily gain of 1.42%. At the same time, the Dow added 1%, and the tech-heavy Nasdaq gained 5.16%.
Prior to today's trading, shares of the company had lost 5.41% over the past month. This has lagged the Computer and Technology sector's gain of 6.12% and the S&P 500's gain of 0.27% in that time.
Investors will be hoping for strength from Airbnb, Inc. as it approaches its next earnings release. On that day, Airbnb, Inc. is projected to report earnings of $0.14 per share, which would represent year-over-year growth of 566.67%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.79 billion, up 18.8% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.38 per share and revenue of $9.65 billion. These totals would mark changes of +21.15% and +14.88%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Airbnb, Inc.Recent revisions tend to reflect the latest near-term business trends. 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. 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Airbnb, Inc. currently has a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Airbnb, Inc. has a Forward P/E ratio of 34.54 right now. This represents a premium compared to its industry's average Forward P/E of 17.88.
Investors should also note that ABNB has a PEG ratio of 1.85 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Internet - Content stocks are, on average, holding a PEG ratio of 1.85 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 61, putting it in the top 25% 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.