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) Outpaces Stock Market Gains: What You Should Know
Read MoreHide Full Article
Airbnb, Inc. (ABNB - Free Report) ended the recent trading session at $142.41, demonstrating a +1.33% change from the preceding day's closing price. This change outpaced the S&P 500's 1.09% gain on the day. Elsewhere, the Dow saw an upswing of 0.14%, while the tech-heavy Nasdaq appreciated by 1.91%.
The company's stock has climbed by 3.68% in the past month, exceeding the Consumer Discretionary sector's gain of 0.45% and the S&P 500's gain of 0.29%.
The upcoming earnings release of Airbnb, Inc. will be of great interest to investors. The company is expected to report EPS of $1.19, up 15.53% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $3.58 billion, up 15.69% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.91 per share and a revenue of $13.97 billion, indicating changes of +21.84% and +14.16%, respectively, from the former year.
Any recent changes to analyst estimates for Airbnb, Inc. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, 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. Within the past 30 days, our consensus EPS projection remained stagnant. Airbnb, Inc. presently features a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Airbnb, Inc. has a Forward P/E ratio of 28.6 right now. This valuation marks a premium compared to its industry average Forward P/E of 16.28.
It's also important to note that ABNB currently trades at a PEG ratio of 1.51. 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. Leisure and Recreation Services stocks are, on average, holding a PEG ratio of 1.37 based on yesterday's closing prices.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 184, this industry ranks in the bottom 25% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
Image: Bigstock
Airbnb, Inc. (ABNB) Outpaces Stock Market Gains: What You Should Know
Airbnb, Inc. (ABNB - Free Report) ended the recent trading session at $142.41, demonstrating a +1.33% change from the preceding day's closing price. This change outpaced the S&P 500's 1.09% gain on the day. Elsewhere, the Dow saw an upswing of 0.14%, while the tech-heavy Nasdaq appreciated by 1.91%.
The company's stock has climbed by 3.68% in the past month, exceeding the Consumer Discretionary sector's gain of 0.45% and the S&P 500's gain of 0.29%.
The upcoming earnings release of Airbnb, Inc. will be of great interest to investors. The company is expected to report EPS of $1.19, up 15.53% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $3.58 billion, up 15.69% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.91 per share and a revenue of $13.97 billion, indicating changes of +21.84% and +14.16%, respectively, from the former year.
Any recent changes to analyst estimates for Airbnb, Inc. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, 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. Within the past 30 days, our consensus EPS projection remained stagnant. Airbnb, Inc. presently features a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Airbnb, Inc. has a Forward P/E ratio of 28.6 right now. This valuation marks a premium compared to its industry average Forward P/E of 16.28.
It's also important to note that ABNB currently trades at a PEG ratio of 1.51. 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. Leisure and Recreation Services stocks are, on average, holding a PEG ratio of 1.37 based on yesterday's closing prices.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 184, this industry ranks in the bottom 25% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.