Bumble Inc. (BMBL) closed the most recent trading day at $7.05, moving -1.67% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.49%. On the other hand, the Dow registered a gain of 0.38%, and the technology-centric Nasdaq increased by 0.72%.
The company's shares have seen an increase of 11.34% over the last month, surpassing the Computer and Technology sector's gain of 6.81% and the S&P 500's gain of 2.99%.
Investors will be eagerly watching for the performance of Bumble Inc. in its upcoming earnings disclosure. In that report, analysts expect Bumble Inc. to post earnings of $0.39 per share. This would mark year-over-year growth of 11.43%. Alongside, our most recent consensus estimate is anticipating revenue of $244.56 million, indicating a 10.62% downward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of -$1.79 per share and a revenue of $970.56 million, demonstrating changes of +61.17% and -9.43%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Bumble Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. 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 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Bumble Inc. currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Bumble Inc. is presently being traded at a Forward P/E ratio of 32.11. This valuation marks a discount compared to its industry average Forward P/E of 32.6.
Investors should also note that BMBL has a PEG ratio of 1 right now. 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 Internet - Software industry had an average PEG ratio of 2.33 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 64, which puts it in the top 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
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Bumble Inc. (BMBL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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