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Airbnb, Inc. (ABNB) Outpaces Stock Market Gains: What You Should Know
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Airbnb, Inc. (ABNB - Free Report) closed at $169.60 in the latest trading session, marking a +1.41% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.83%.
Coming into today, shares of the company had gained 2.03% in the past month. In that same time, the Computer and Technology sector lost 7.26%, while the S&P 500 lost 3.68%.
ABNB will be looking to display strength as it nears its next earnings release.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.30 per share and revenue of $5.75 billion. These totals would mark changes of +91.63% and +70.09%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for ABNB. 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. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 14.17% lower. ABNB currently has a Zacks Rank of #3 (Hold).
The Internet - Content industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 117, putting it in the top 47% 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) Outpaces Stock Market Gains: What You Should Know
Airbnb, Inc. (ABNB - Free Report) closed at $169.60 in the latest trading session, marking a +1.41% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.83%.
Coming into today, shares of the company had gained 2.03% in the past month. In that same time, the Computer and Technology sector lost 7.26%, while the S&P 500 lost 3.68%.
ABNB will be looking to display strength as it nears its next earnings release.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.30 per share and revenue of $5.75 billion. These totals would mark changes of +91.63% and +70.09%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for ABNB. 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. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 14.17% lower. ABNB currently has a Zacks Rank of #3 (Hold).
The Internet - Content industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 117, putting it in the top 47% 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.