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Bumble Inc. (BMBL) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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In the latest close session, Bumble Inc. (BMBL - Free Report) was down 4.89% at $2.53. The stock's change was less than the S&P 500's daily loss of 0.77%. At the same time, the Dow lost 0.67%, and the tech-heavy Nasdaq lost 0.92%.
The company's stock has dropped by 2.56% in the past month, falling short of the Computer and Technology sector's gain of 6.26% and the S&P 500's gain of 0.96%.
Investors will be eagerly watching for the performance of Bumble Inc. in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.24, indicating a 31.43% decline compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $210.25 million, down 14.59% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of -$0.08 per share and a revenue of $833.25 million, demonstrating changes of +98.67% and -13.71%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Bumble Inc. Such recent modifications usually signify the changing landscape of 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 has moved 112.82% lower within the past month. Bumble Inc. currently has a Zacks Rank of #3 (Hold).
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 89, positioning it in the top 37% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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
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Bumble Inc. (BMBL) Sees a More Significant Dip Than Broader Market: Some Facts to Know
In the latest close session, Bumble Inc. (BMBL - Free Report) was down 4.89% at $2.53. The stock's change was less than the S&P 500's daily loss of 0.77%. At the same time, the Dow lost 0.67%, and the tech-heavy Nasdaq lost 0.92%.
The company's stock has dropped by 2.56% in the past month, falling short of the Computer and Technology sector's gain of 6.26% and the S&P 500's gain of 0.96%.
Investors will be eagerly watching for the performance of Bumble Inc. in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.24, indicating a 31.43% decline compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $210.25 million, down 14.59% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of -$0.08 per share and a revenue of $833.25 million, demonstrating changes of +98.67% and -13.71%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Bumble Inc. Such recent modifications usually signify the changing landscape of 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 has moved 112.82% lower within the past month. Bumble Inc. currently has a Zacks Rank of #3 (Hold).
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 89, positioning it in the top 37% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.