We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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) Registers a Bigger Fall Than the Market: Important Facts to Note
Read MoreHide Full Article
In the latest trading session, Airbnb, Inc. (ABNB - Free Report) closed at $135.54, marking a -2.36% move from the previous day. This move lagged the S&P 500's daily loss of 1.13%. Elsewhere, the Dow saw a downswing of 1.79%, while the tech-heavy Nasdaq depreciated by 1.3%.
The company's shares have seen an increase of 1.48% over the last month, not keeping up with the Consumer Discretionary sector's gain of 3.54% and the S&P 500's gain of 3.55%.
The investment community will be closely monitoring the performance of Airbnb, Inc. in its forthcoming earnings report. In that report, analysts expect Airbnb, Inc. to post earnings of $0.92 per share. This would mark year-over-year growth of 6.98%. Our most recent consensus estimate is calling for quarterly revenue of $3.02 billion, up 9.98% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $4.18 per share and a revenue of $12.02 billion, demonstrating changes of +1.7% and +8.29%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Airbnb, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.02% higher. Right now, Airbnb, Inc. possesses a Zacks Rank of #3 (Hold).
In the context of valuation, Airbnb, Inc. is at present trading with a Forward P/E ratio of 33.24. For comparison, its industry has an average Forward P/E of 19.84, which means Airbnb, Inc. is trading at a premium to the group.
Meanwhile, ABNB's PEG ratio is currently 2.6. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Leisure and Recreation Services industry had an average PEG ratio of 1.47 as trading concluded yesterday.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 78, which puts it in the top 32% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Airbnb, Inc. (ABNB) Registers a Bigger Fall Than the Market: Important Facts to Note
In the latest trading session, Airbnb, Inc. (ABNB - Free Report) closed at $135.54, marking a -2.36% move from the previous day. This move lagged the S&P 500's daily loss of 1.13%. Elsewhere, the Dow saw a downswing of 1.79%, while the tech-heavy Nasdaq depreciated by 1.3%.
The company's shares have seen an increase of 1.48% over the last month, not keeping up with the Consumer Discretionary sector's gain of 3.54% and the S&P 500's gain of 3.55%.
The investment community will be closely monitoring the performance of Airbnb, Inc. in its forthcoming earnings report. In that report, analysts expect Airbnb, Inc. to post earnings of $0.92 per share. This would mark year-over-year growth of 6.98%. Our most recent consensus estimate is calling for quarterly revenue of $3.02 billion, up 9.98% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $4.18 per share and a revenue of $12.02 billion, demonstrating changes of +1.7% and +8.29%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Airbnb, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.02% higher. Right now, Airbnb, Inc. possesses a Zacks Rank of #3 (Hold).
In the context of valuation, Airbnb, Inc. is at present trading with a Forward P/E ratio of 33.24. For comparison, its industry has an average Forward P/E of 19.84, which means Airbnb, Inc. is trading at a premium to the group.
Meanwhile, ABNB's PEG ratio is currently 2.6. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Leisure and Recreation Services industry had an average PEG ratio of 1.47 as trading concluded yesterday.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 78, which puts it in the top 32% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.