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Airbnb, Inc. (ABNB) Stock Moves -0.95%: What You Should Know
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Airbnb, Inc. (ABNB - Free Report) closed the most recent trading day at $128.64, moving -0.95% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.12%. On the other hand, the Dow registered a loss of 0.31%, and the technology-centric Nasdaq decreased by 2.04%.
The company's shares have seen a decrease of 8.24% over the last month, not keeping up with the Consumer Discretionary sector's loss of 3.56% and the S&P 500's loss of 2.91%.
Analysts and investors alike will be keeping a close eye on the performance of Airbnb, Inc. in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.25, indicating a 39.02% decline compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $2.26 billion, indicating a 5.49% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.30 per share and a revenue of $12.2 billion, signifying shifts of +4.62% and +9.93%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Airbnb, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 0.18% lower within the past month. At present, Airbnb, Inc. boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, Airbnb, Inc. is holding a Forward P/E ratio of 30.19. For comparison, its industry has an average Forward P/E of 18.66, which means Airbnb, Inc. is trading at a premium to the group.
It's also important to note that ABNB currently trades at a PEG ratio of 2.64. 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 Leisure and Recreation Services was holding an average PEG ratio of 1.14 at yesterday's closing price.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 63, which puts it in the top 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Airbnb, Inc. (ABNB) Stock Moves -0.95%: What You Should Know
Airbnb, Inc. (ABNB - Free Report) closed the most recent trading day at $128.64, moving -0.95% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.12%. On the other hand, the Dow registered a loss of 0.31%, and the technology-centric Nasdaq decreased by 2.04%.
The company's shares have seen a decrease of 8.24% over the last month, not keeping up with the Consumer Discretionary sector's loss of 3.56% and the S&P 500's loss of 2.91%.
Analysts and investors alike will be keeping a close eye on the performance of Airbnb, Inc. in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.25, indicating a 39.02% decline compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $2.26 billion, indicating a 5.49% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.30 per share and a revenue of $12.2 billion, signifying shifts of +4.62% and +9.93%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Airbnb, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 0.18% lower within the past month. At present, Airbnb, Inc. boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, Airbnb, Inc. is holding a Forward P/E ratio of 30.19. For comparison, its industry has an average Forward P/E of 18.66, which means Airbnb, Inc. is trading at a premium to the group.
It's also important to note that ABNB currently trades at a PEG ratio of 2.64. 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 Leisure and Recreation Services was holding an average PEG ratio of 1.14 at yesterday's closing price.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 63, which puts it in the top 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.