In the latest trading session, Bumble Inc. (BMBL) closed at $3.55, marking a +2.01% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.16%. Meanwhile, the Dow experienced a rise of 0.17%, and the technology-dominated Nasdaq saw an increase of 0.26%.
Heading into today, shares of the company had gained 2.65% over the past month, outpacing the Computer and Technology sector's loss of 0.85% and the S&P 500's gain of 1.89%.
Analysts and investors alike will be keeping a close eye on the performance of Bumble Inc. in its upcoming earnings disclosure.
For the full year, the Zacks Consensus Estimates project earnings of -$1.86 per share and a revenue of $962.96 million, demonstrating changes of +59.65% and 0%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Bumble Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. At present, Bumble Inc. boasts a Zacks Rank of #5 (Strong Sell).
In terms of valuation, Bumble Inc. is presently being traded at a Forward P/E ratio of 3.84. This indicates a discount in contrast to its industry's Forward P/E of 24.48.
We can also see that BMBL currently has a PEG ratio of 0.12. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. BMBL's industry had an average PEG ratio of 1.49 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 51, which puts it in the top 21% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.
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Bumble Inc. (BMBL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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