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Airbnb, Inc. (ABNB) Rises As Market Takes a Dip: Key Facts
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Airbnb, Inc. (ABNB - Free Report) closed the most recent trading day at $160.66, moving +2.36% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 0.25%. Meanwhile, the Dow experienced a drop of 0.86%, and the technology-dominated Nasdaq saw an increase of 0.24%.
The stock of company has fallen by 14.02% in the past month, lagging the Consumer Discretionary sector's loss of 8.16% and the S&P 500's loss of 0.42%.
The upcoming earnings release of Airbnb, Inc. will be of great interest to investors. The company is predicted to post an EPS of $2.89, indicating a 30.77% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $4.75 billion, indicating a 15.88% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.29 per share and revenue of $14.15 billion, indicating changes of +31.27% and +15.56%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Airbnb, Inc. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, 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. Over the past month, there's been a 1.13% rise in the Zacks Consensus EPS estimate. 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 29.7 right now. This signifies a premium in comparison to the average Forward P/E of 15.04 for its industry.
Also, we should mention that ABNB has a PEG ratio of 1.8. 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 average PEG ratio for the Leisure and Recreation Services industry stood at 1.2 at the close of the market yesterday.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 192, positioning it in the bottom 22% of all 250+ industries.
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.
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) Rises As Market Takes a Dip: Key Facts
Airbnb, Inc. (ABNB - Free Report) closed the most recent trading day at $160.66, moving +2.36% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 0.25%. Meanwhile, the Dow experienced a drop of 0.86%, and the technology-dominated Nasdaq saw an increase of 0.24%.
The stock of company has fallen by 14.02% in the past month, lagging the Consumer Discretionary sector's loss of 8.16% and the S&P 500's loss of 0.42%.
The upcoming earnings release of Airbnb, Inc. will be of great interest to investors. The company is predicted to post an EPS of $2.89, indicating a 30.77% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $4.75 billion, indicating a 15.88% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.29 per share and revenue of $14.15 billion, indicating changes of +31.27% and +15.56%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Airbnb, Inc. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, 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. Over the past month, there's been a 1.13% rise in the Zacks Consensus EPS estimate. 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 29.7 right now. This signifies a premium in comparison to the average Forward P/E of 15.04 for its industry.
Also, we should mention that ABNB has a PEG ratio of 1.8. 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 average PEG ratio for the Leisure and Recreation Services industry stood at 1.2 at the close of the market yesterday.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 192, positioning it in the bottom 22% of all 250+ industries.
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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.