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Airbnb, Inc. (ABNB) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, Airbnb, Inc. (ABNB - Free Report) closed at $138.66, marking a +1.18% move from the previous day. This change outpaced the S&P 500's 0.01% gain on the day. Elsewhere, the Dow gained 0.55%, while the tech-heavy Nasdaq lost 0.44%.
The stock of company has risen by 7.42% in the past month, leading the Consumer Discretionary sector's gain of 0.47% and the S&P 500's gain of 0.86%.
The upcoming earnings release of Airbnb, Inc. will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.66, reflecting a 9.59% decrease from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $2.72 billion, showing a 9.73% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.14 per share and a revenue of $12.18 billion, representing changes of +0.73% and 0%, respectively, from the prior year.
Any recent changes to analyst estimates for Airbnb, Inc. should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
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. The Zacks Consensus EPS estimate has moved 0.06% higher within the past month. Right now, Airbnb, Inc. possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Airbnb, Inc. is presently being traded at a Forward P/E ratio of 29.1. This valuation marks a premium compared to its industry average Forward P/E of 18.66.
Investors should also note that ABNB has a PEG ratio of 2.13 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Leisure and Recreation Services industry had an average PEG ratio of 1.24 as trading concluded yesterday.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 75, putting it in the top 31% of all 250+ industries.
The Zacks Industry Rank is ordered 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Airbnb, Inc. (ABNB) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Airbnb, Inc. (ABNB - Free Report) closed at $138.66, marking a +1.18% move from the previous day. This change outpaced the S&P 500's 0.01% gain on the day. Elsewhere, the Dow gained 0.55%, while the tech-heavy Nasdaq lost 0.44%.
The stock of company has risen by 7.42% in the past month, leading the Consumer Discretionary sector's gain of 0.47% and the S&P 500's gain of 0.86%.
The upcoming earnings release of Airbnb, Inc. will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.66, reflecting a 9.59% decrease from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $2.72 billion, showing a 9.73% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.14 per share and a revenue of $12.18 billion, representing changes of +0.73% and 0%, respectively, from the prior year.
Any recent changes to analyst estimates for Airbnb, Inc. should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
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. The Zacks Consensus EPS estimate has moved 0.06% higher within the past month. Right now, Airbnb, Inc. possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Airbnb, Inc. is presently being traded at a Forward P/E ratio of 29.1. This valuation marks a premium compared to its industry average Forward P/E of 18.66.
Investors should also note that ABNB has a PEG ratio of 2.13 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Leisure and Recreation Services industry had an average PEG ratio of 1.24 as trading concluded yesterday.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 75, putting it in the top 31% of all 250+ industries.
The Zacks Industry Rank is ordered 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.