In the latest trading session, Airbnb, Inc. (ABNB) closed at $133.59, marking a +2.19% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 1.16%. On the other hand, the Dow registered a gain of 1.21%, and the technology-centric Nasdaq increased by 1.18%.
Shares of the company have depreciated by 4.22% over the course of the past month, underperforming the Consumer Discretionary sector's loss of 3.58%, 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 $0.66, indicating a 9.59% decline compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $2.72 billion, reflecting a 9.73% rise from the equivalent quarter last year.
ABNB's full-year Zacks Consensus Estimates are calling for earnings of $4.16 per share and revenue of $12.18 billion. These results would represent year-over-year changes of +1.22% and 0%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Airbnb, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.1% higher. Airbnb, Inc. presently features a Zacks Rank of #2 (Buy).
Digging into valuation, Airbnb, Inc. currently has a Forward P/E ratio of 27.73. This expresses a premium compared to the average Forward P/E of 17.14 of its industry.
We can also see that ABNB currently has a PEG ratio of 2.03. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Leisure and Recreation Services industry currently had an average PEG ratio of 1.45 as of yesterday's close.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 176, placing it within the bottom 29% of over 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Airbnb, Inc. (ABNB): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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