Bumble Inc. (BMBL) ended the recent trading session at $3.25, demonstrating a +1.88% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily loss of 0.33%. On the other hand, the Dow registered a gain of 0.1%, and the technology-centric Nasdaq decreased by 0.59%.
Shares of the company witnessed a loss of 10.14% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 1.09%, and the S&P 500's loss of 0%.
The investment community will be closely monitoring the performance of Bumble Inc. in its forthcoming earnings report.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$1.86 per share and revenue of $962.96 million, which would represent changes of +59.65% and -10.14%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Bumble Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 3.09% lower within the past month. Bumble Inc. currently has a Zacks Rank of #4 (Sell).
In the context of valuation, Bumble Inc. is at present trading with a Forward P/E ratio of 3.63. This denotes a discount relative to the industry average Forward P/E of 20.13.
We can also see that BMBL currently has a PEG ratio of 0.11. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Internet - Software industry currently had an average PEG ratio of 1.1 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 87, putting it in the top 36% 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.
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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Bumble Inc. (BMBL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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