Airbnb, Inc. (ABNB - Free Report) closed at $111.11 in the latest trading session, marking a +1.49% move from the prior day. This change outpaced the S&P 500's 1.46% gain on the day. At the same time, the Dow added 1.09%, and the tech-heavy Nasdaq gained 6.63%.
Heading into today, shares of the company had gained 28.05% over the past month, outpacing the Computer and Technology sector's gain of 9.6% and the S&P 500's gain of 4.75% in that time.
Airbnb, Inc. will be looking to display strength as it nears its next earnings release. In that report, analysts expect Airbnb, Inc. to post earnings of $0.27 per share. This would mark year-over-year growth of 237.5%. Our most recent consensus estimate is calling for quarterly revenue of $1.86 billion, up 21.56% from the year-ago period.
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.
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, 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. Within the past 30 days, our consensus EPS projection has moved 1.06% higher. Airbnb, Inc. is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Airbnb, Inc. currently has a Forward P/E ratio of 38.32. This represents a premium compared to its industry's average Forward P/E of 21.35.
It is also worth noting that ABNB currently has a PEG ratio of 1.8. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Internet - Content was holding an average PEG ratio of 1.8 at yesterday's closing price.
The Internet - Content industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 92, putting it in the top 37% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.
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Airbnb, Inc. (ABNB - Free Report) closed at $111.11 in the latest trading session, marking a +1.49% move from the prior day. This change outpaced the S&P 500's 1.46% gain on the day. At the same time, the Dow added 1.09%, and the tech-heavy Nasdaq gained 6.63%.
Heading into today, shares of the company had gained 28.05% over the past month, outpacing the Computer and Technology sector's gain of 9.6% and the S&P 500's gain of 4.75% in that time.
Airbnb, Inc. will be looking to display strength as it nears its next earnings release. In that report, analysts expect Airbnb, Inc. to post earnings of $0.27 per share. This would mark year-over-year growth of 237.5%. Our most recent consensus estimate is calling for quarterly revenue of $1.86 billion, up 21.56% from the year-ago period.
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.
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, 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. Within the past 30 days, our consensus EPS projection has moved 1.06% higher. Airbnb, Inc. is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Airbnb, Inc. currently has a Forward P/E ratio of 38.32. This represents a premium compared to its industry's average Forward P/E of 21.35.
It is also worth noting that ABNB currently has a PEG ratio of 1.8. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Internet - Content was holding an average PEG ratio of 1.8 at yesterday's closing price.
The Internet - Content industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 92, putting it in the top 37% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
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