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Bumble Inc. (BMBL) Rises Higher Than Market: Key Facts
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In the latest trading session, Bumble Inc. (BMBL - Free Report) closed at $6.75, marking a +2.9% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.85%. Meanwhile, the Dow gained 1.36%, and the Nasdaq, a tech-heavy index, added 0.72%.
Shares of the company witnessed a loss of 8.25% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 4.39%, and the S&P 500's gain of 2.38%.
The investment community will be paying close attention to the earnings performance of Bumble Inc. in its upcoming release. The company's upcoming EPS is projected at $0.39, signifying a 11.43% increase compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $244.56 million, indicating a 10.62% decline compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$1.79 per share and revenue of $970.56 million, indicating changes of +61.17% and -9.43%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Bumble Inc. should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 78.66% lower within the past month. Right now, Bumble Inc. possesses a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Bumble Inc. has a Forward P/E ratio of 29.38 right now. For comparison, its industry has an average Forward P/E of 30.31, which means Bumble Inc. is trading at a discount to the group.
We can additionally observe that BMBL currently boasts a PEG ratio of 0.91. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Internet - Software industry was having an average PEG ratio of 2.24.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 66, putting it in the top 27% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Bumble Inc. (BMBL) Rises Higher Than Market: Key Facts
In the latest trading session, Bumble Inc. (BMBL - Free Report) closed at $6.75, marking a +2.9% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.85%. Meanwhile, the Dow gained 1.36%, and the Nasdaq, a tech-heavy index, added 0.72%.
Shares of the company witnessed a loss of 8.25% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 4.39%, and the S&P 500's gain of 2.38%.
The investment community will be paying close attention to the earnings performance of Bumble Inc. in its upcoming release. The company's upcoming EPS is projected at $0.39, signifying a 11.43% increase compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $244.56 million, indicating a 10.62% decline compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$1.79 per share and revenue of $970.56 million, indicating changes of +61.17% and -9.43%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Bumble Inc. should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 78.66% lower within the past month. Right now, Bumble Inc. possesses a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Bumble Inc. has a Forward P/E ratio of 29.38 right now. For comparison, its industry has an average Forward P/E of 30.31, which means Bumble Inc. is trading at a discount to the group.
We can additionally observe that BMBL currently boasts a PEG ratio of 0.91. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Internet - Software industry was having an average PEG ratio of 2.24.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 66, putting it in the top 27% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.