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Bumble Inc. (BMBL) Stock Sinks As Market Gains: Here's Why
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Bumble Inc. (BMBL - Free Report) ended the recent trading session at $3.03, demonstrating a -1.3% change from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.42%. Elsewhere, the Dow gained 0.29%, while the tech-heavy Nasdaq added 0.29%.
Prior to today's trading, shares of the company had gained 12.45% outpaced the Computer and Technology sector's gain of 0.85% and the S&P 500's gain of 2.2%.
The investment community will be closely monitoring the performance of Bumble Inc. in its forthcoming earnings report. The company's upcoming EPS is projected at $0.25, signifying a 60.94% drop compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $210.28 million, indicating a 15.29% decline compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.03 per share and revenue of $834.42 million, which would represent changes of +117.08% and -13.59%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Bumble Inc. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 4.06% higher within the past month. At present, Bumble Inc. boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Bumble Inc. is presently being traded at a Forward P/E ratio of 2.98. This denotes a discount relative to the industry average Forward P/E of 19.73.
Investors should also note that BMBL has a PEG ratio of 0.1 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Internet - Software industry had an average PEG ratio of 1.06 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 92, this industry ranks in the top 38% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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Bumble Inc. (BMBL) Stock Sinks As Market Gains: Here's Why
Bumble Inc. (BMBL - Free Report) ended the recent trading session at $3.03, demonstrating a -1.3% change from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.42%. Elsewhere, the Dow gained 0.29%, while the tech-heavy Nasdaq added 0.29%.
Prior to today's trading, shares of the company had gained 12.45% outpaced the Computer and Technology sector's gain of 0.85% and the S&P 500's gain of 2.2%.
The investment community will be closely monitoring the performance of Bumble Inc. in its forthcoming earnings report. The company's upcoming EPS is projected at $0.25, signifying a 60.94% drop compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $210.28 million, indicating a 15.29% decline compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.03 per share and revenue of $834.42 million, which would represent changes of +117.08% and -13.59%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Bumble Inc. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 4.06% higher within the past month. At present, Bumble Inc. boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Bumble Inc. is presently being traded at a Forward P/E ratio of 2.98. This denotes a discount relative to the industry average Forward P/E of 19.73.
Investors should also note that BMBL has a PEG ratio of 0.1 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Internet - Software industry had an average PEG ratio of 1.06 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 92, this industry ranks in the top 38% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.