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 (ABNB) to Report Q3 Earnings: What's in the Cards?
Read MoreHide Full Article
Airbnb (ABNB - Free Report) is scheduled to report third-quarter 2022 results on Nov 1.
For the third quarter, ABNB expects revenues between $2.78 billion and $2.88 billion, implying growth of 24%-29% from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for the same is pegged at $2.85 billion, suggesting growth of 27.6% from the year-ago quarter’s reported figure.
The consensus mark for earnings stands at $1.45 per share, indicating growth of 18.9% from the year-ago period’s level. The consensus mark has moved 1.4% north in the past 7 days.
Airbnb beat on earnings in all the trailing four quarters, the average being 57.8%.
Work-from-home initiatives amid the global coronavirus pandemic are encouraging people to travel at their convenient time. This flexibility in travel plans is expected to have driven Airbnb’s bookings in the third quarter.
Growing momentum among travelers is likely to have continued driving the Nights and Experiences Booked and Average Daily Rates in the to-be-reported quarter.
Strengthening demand in North America, EMEA and Latin America is likely to have driven ABNB’s performance in the quarter under discussion.
Airbnb is witnessing a steady improvement in both longer-distance and cross-border travel owing to relaxed travel restrictions. This is likely to have continued aiding the performance in the quarter to be reported.
Increasing guest demand for non-urban nights is expected to have continued driving active listings for non-urban destinations in the quarter under review.
Airbnb is consistently enhancing various aspects of the Airbnb service to gain momentum among its hosts and guests. This is likely to have benefited the underlined quarter’s performance.
ABNB’s increasing free cash flow owing to growth in seasonal bookings is anticipated to have remained positive in the quarter under review.
Moreover, Airbnb has a favorable outlook toward Adjusted EBITDA for the third quarter due to seasonality in business.
However, uncertainties related to the coronavirus pandemic are expected to have remained a concern in the third quarter.
Also, the impacts of the ongoing macroeconomic headwinds are likely to get reflected in the upcoming quarterly results.
Intense competition in the online travel market is anticipated to have remained an overhang in the to-be-reported quarter.
What Our Model Says
Our proven model predicts an earnings beat for Airbnb this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is precisely the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Airbnb has an Earnings ESP of +5.52% and a Zacks Rank of 1 at present.
Other Stocks to Consider
Here are some other stocks worth considering, as our model shows that these too have the right combination of elements to beat on earnings this season.
Fortinet is set to report third-quarter 2022 results on Nov 2. The Zacks Consensus Estimate for FTNT’s earnings is pegged at 27 cents per share, suggesting an increase of 35% from the prior-year period’s reported figure.
The Trade Desk (TTD - Free Report) has an Earnings ESP of +2.13% and a Zacks Rank of 2 at present.
The Trade Desk is scheduled to release third-quarter 2022 results on Nov 14. The Zacks Consensus Estimate for TTD’s earnings is pegged at 24 cents per share, suggesting an increase of 33.3% from the prior-year quarter’s reported figure.
ZoomInfo Technologies (ZI - Free Report) has an Earnings ESP of +1.27% and a Zacks Rank of 2 at present.
ZoomInfo Technologies is scheduled to release third-quarter 2022 results on Nov 1. The Zacks Consensus Estimate for ZI’s earnings is pegged at 20 cents per share, suggesting an increase of 53.9% from the prior-year quarter’s reported figure.
Image: Bigstock
Airbnb (ABNB) to Report Q3 Earnings: What's in the Cards?
Airbnb (ABNB - Free Report) is scheduled to report third-quarter 2022 results on Nov 1.
For the third quarter, ABNB expects revenues between $2.78 billion and $2.88 billion, implying growth of 24%-29% from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for the same is pegged at $2.85 billion, suggesting growth of 27.6% from the year-ago quarter’s reported figure.
The consensus mark for earnings stands at $1.45 per share, indicating growth of 18.9% from the year-ago period’s level. The consensus mark has moved 1.4% north in the past 7 days.
Airbnb beat on earnings in all the trailing four quarters, the average being 57.8%.
Airbnb, Inc. Price and EPS Surprise
Airbnb, Inc. price-eps-surprise | Airbnb, Inc. Quote
Factors to Consider
Work-from-home initiatives amid the global coronavirus pandemic are encouraging people to travel at their convenient time. This flexibility in travel plans is expected to have driven Airbnb’s bookings in the third quarter.
Growing momentum among travelers is likely to have continued driving the Nights and Experiences Booked and Average Daily Rates in the to-be-reported quarter.
Strengthening demand in North America, EMEA and Latin America is likely to have driven ABNB’s performance in the quarter under discussion.
Airbnb is witnessing a steady improvement in both longer-distance and cross-border travel owing to relaxed travel restrictions. This is likely to have continued aiding the performance in the quarter to be reported.
Increasing guest demand for non-urban nights is expected to have continued driving active listings for non-urban destinations in the quarter under review.
Airbnb is consistently enhancing various aspects of the Airbnb service to gain momentum among its hosts and guests. This is likely to have benefited the underlined quarter’s performance.
ABNB’s increasing free cash flow owing to growth in seasonal bookings is anticipated to have remained positive in the quarter under review.
Moreover, Airbnb has a favorable outlook toward Adjusted EBITDA for the third quarter due to seasonality in business.
However, uncertainties related to the coronavirus pandemic are expected to have remained a concern in the third quarter.
Also, the impacts of the ongoing macroeconomic headwinds are likely to get reflected in the upcoming quarterly results.
Intense competition in the online travel market is anticipated to have remained an overhang in the to-be-reported quarter.
What Our Model Says
Our proven model predicts an earnings beat for Airbnb this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is precisely the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Airbnb has an Earnings ESP of +5.52% and a Zacks Rank of 1 at present.
Other Stocks to Consider
Here are some other stocks worth considering, as our model shows that these too have the right combination of elements to beat on earnings this season.
Fortinet (FTNT - Free Report) has an Earnings ESP of +0.92% and a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Fortinet is set to report third-quarter 2022 results on Nov 2. The Zacks Consensus Estimate for FTNT’s earnings is pegged at 27 cents per share, suggesting an increase of 35% from the prior-year period’s reported figure.
The Trade Desk (TTD - Free Report) has an Earnings ESP of +2.13% and a Zacks Rank of 2 at present.
The Trade Desk is scheduled to release third-quarter 2022 results on Nov 14. The Zacks Consensus Estimate for TTD’s earnings is pegged at 24 cents per share, suggesting an increase of 33.3% from the prior-year quarter’s reported figure.
ZoomInfo Technologies (ZI - Free Report) has an Earnings ESP of +1.27% and a Zacks Rank of 2 at present.
ZoomInfo Technologies is scheduled to release third-quarter 2022 results on Nov 1. The Zacks Consensus Estimate for ZI’s earnings is pegged at 20 cents per share, suggesting an increase of 53.9% from the prior-year quarter’s reported figure.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.