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Airbnb, Inc. (ABNB) Stock Moves -2.98%: What You Should Know
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In the latest trading session, Airbnb, Inc. (ABNB - Free Report) closed at $161.88, marking a -2.98% move from the previous day. Elsewhere, the Dow saw a downswing of 0.36%, while the tech-heavy Nasdaq appreciated by 0.45%.
Coming into today, shares of the company had lost 12.29% in the past month. In that same time, the Consumer Discretionary sector lost 6.85%, while the S&P 500 gained 1.27%.
The upcoming earnings release of Airbnb, Inc. will be of great interest to investors. The company is expected to report EPS of $2.89, up 30.77% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $4.75 billion, indicating a 15.88% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.28 per share and revenue of $14.15 billion, indicating changes of +31.02% and +15.59%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Airbnb, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 has moved 1% higher. Airbnb, Inc. presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Airbnb, Inc. is presently being traded at a Forward P/E ratio of 31.61. This denotes a premium relative to the industry average Forward P/E of 14.73.
It is also worth noting that ABNB currently has a PEG ratio of 1.91. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Leisure and Recreation Services stocks are, on average, holding a PEG ratio of 1.09 based on yesterday's closing prices.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 181, which puts it in the bottom 27% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. 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.
View the Zacks #1 Rank List
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Airbnb, Inc. (ABNB) Stock Moves -2.98%: What You Should Know
In the latest trading session, Airbnb, Inc. (ABNB - Free Report) closed at $161.88, marking a -2.98% move from the previous day. Elsewhere, the Dow saw a downswing of 0.36%, while the tech-heavy Nasdaq appreciated by 0.45%.
Coming into today, shares of the company had lost 12.29% in the past month. In that same time, the Consumer Discretionary sector lost 6.85%, while the S&P 500 gained 1.27%.
The upcoming earnings release of Airbnb, Inc. will be of great interest to investors. The company is expected to report EPS of $2.89, up 30.77% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $4.75 billion, indicating a 15.88% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.28 per share and revenue of $14.15 billion, indicating changes of +31.02% and +15.59%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Airbnb, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 has moved 1% higher. Airbnb, Inc. presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Airbnb, Inc. is presently being traded at a Forward P/E ratio of 31.61. This denotes a premium relative to the industry average Forward P/E of 14.73.
It is also worth noting that ABNB currently has a PEG ratio of 1.91. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Leisure and Recreation Services stocks are, on average, holding a PEG ratio of 1.09 based on yesterday's closing prices.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 181, which puts it in the bottom 27% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. 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.