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Here's Why Bumble Inc. (BMBL) Fell More Than Broader Market
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In the latest close session, Bumble Inc. (BMBL - Free Report) was down 2.42% at $6.44. The stock trailed the S&P 500, which registered a daily loss of 0.5%. Elsewhere, the Dow saw a downswing of 0.38%, while the tech-heavy Nasdaq depreciated by 0.5%.
Heading into today, shares of the company had gained 4.93% over the past month, lagging the Computer and Technology sector's gain of 8.21% and outpacing the S&P 500's gain of 2.74%.
Market participants will be closely following the financial results of Bumble Inc. in its upcoming release. In that report, analysts expect Bumble Inc. to post earnings of $0.39 per share. This would mark year-over-year growth of 11.43%. Meanwhile, our latest consensus estimate is calling for revenue of $244.56 million, down 10.62% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$1.79 per share and a revenue of $970.56 million, signifying shifts of +61.17% and -9.43%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Bumble 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.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. Currently, Bumble Inc. is carrying a Zacks Rank of #3 (Hold).
In the context of valuation, Bumble Inc. is at present trading with a Forward P/E ratio of 29.56. This valuation marks a discount compared to its industry average Forward P/E of 31.31.
Investors should also note that BMBL has a PEG ratio of 0.92 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Internet - Software industry had an average PEG ratio of 2.28.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 73, this industry ranks in the top 30% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow BMBL in the coming trading sessions, be sure to utilize Zacks.com.
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Here's Why Bumble Inc. (BMBL) Fell More Than Broader Market
In the latest close session, Bumble Inc. (BMBL - Free Report) was down 2.42% at $6.44. The stock trailed the S&P 500, which registered a daily loss of 0.5%. Elsewhere, the Dow saw a downswing of 0.38%, while the tech-heavy Nasdaq depreciated by 0.5%.
Heading into today, shares of the company had gained 4.93% over the past month, lagging the Computer and Technology sector's gain of 8.21% and outpacing the S&P 500's gain of 2.74%.
Market participants will be closely following the financial results of Bumble Inc. in its upcoming release. In that report, analysts expect Bumble Inc. to post earnings of $0.39 per share. This would mark year-over-year growth of 11.43%. Meanwhile, our latest consensus estimate is calling for revenue of $244.56 million, down 10.62% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$1.79 per share and a revenue of $970.56 million, signifying shifts of +61.17% and -9.43%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Bumble 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.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. Currently, Bumble Inc. is carrying a Zacks Rank of #3 (Hold).
In the context of valuation, Bumble Inc. is at present trading with a Forward P/E ratio of 29.56. This valuation marks a discount compared to its industry average Forward P/E of 31.31.
Investors should also note that BMBL has a PEG ratio of 0.92 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Internet - Software industry had an average PEG ratio of 2.28.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 73, this industry ranks in the top 30% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow BMBL in the coming trading sessions, be sure to utilize Zacks.com.