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Airbnb, Inc. (ABNB) Gains But Lags Market: What You Should Know

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Airbnb, Inc. (ABNB - Free Report) closed the most recent trading day at $139.47, moving +0.16% from the previous trading session. This change lagged the S&P 500's 0.2% gain on the day.

Heading into today, shares of the company had lost 8.13% over the past month, lagging the Computer and Technology sector's gain of 1.57% and the S&P 500's gain of 3.28% in that time.

ABNB will be looking to display strength as it nears its next earnings release.

For the full year, our Zacks Consensus Estimates are projecting earnings of -$2.06 per share and revenue of $5.49 billion, which would represent changes of +86.74% and +62.61%, respectively, from the prior year.

Investors should also note any recent changes to analyst estimates for ABNB. 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.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. The Zacks Consensus EPS estimate remained stagnant within the past month. ABNB currently has a Zacks Rank of #3 (Hold).

The Internet - Content industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 189, which puts it in the bottom 26% 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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