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Bumble Inc. (BMBL) Stock Dips While Market Gains: Key Facts
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Bumble Inc. (BMBL - Free Report) ended the recent trading session at $2.51, demonstrating a -1.57% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.58% for the day. At the same time, the Dow added 0.49%, and the tech-heavy Nasdaq gained 0.45%.
Prior to today's trading, shares of the company had lost 12.07% lagged the Computer and Technology sector's gain of 6.31% and the S&P 500's gain of 0.84%.
The investment community will be closely monitoring the performance of Bumble Inc. in its forthcoming earnings report. On that day, Bumble Inc. is projected to report earnings of $0.24 per share, which would represent a year-over-year decline of 31.43%. 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 annual period, the Zacks Consensus Estimates anticipate earnings of -$0.08 per share and a revenue of $833.25 million, signifying shifts of +98.67% and -13.71%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Bumble Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Currently, Bumble Inc. is carrying a Zacks Rank of #2 (Buy).
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 107, placing it within the top 44% of over 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.
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) Stock Dips While Market Gains: Key Facts
Bumble Inc. (BMBL - Free Report) ended the recent trading session at $2.51, demonstrating a -1.57% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.58% for the day. At the same time, the Dow added 0.49%, and the tech-heavy Nasdaq gained 0.45%.
Prior to today's trading, shares of the company had lost 12.07% lagged the Computer and Technology sector's gain of 6.31% and the S&P 500's gain of 0.84%.
The investment community will be closely monitoring the performance of Bumble Inc. in its forthcoming earnings report. On that day, Bumble Inc. is projected to report earnings of $0.24 per share, which would represent a year-over-year decline of 31.43%. 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 annual period, the Zacks Consensus Estimates anticipate earnings of -$0.08 per share and a revenue of $833.25 million, signifying shifts of +98.67% and -13.71%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Bumble Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Currently, Bumble Inc. is carrying a Zacks Rank of #2 (Buy).
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 107, placing it within the top 44% of over 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.
You can find more information on all of these metrics, and much more, on Zacks.com.