At the last market close, Airbnb, Inc. (ABNB) $134.79, with a move of +0.29% compared to the day before. The stock lagged the S&P 500, which posted a daily gain of 0.77%. Elsewhere, the Dow Jones rose 0.47%, while the tech-heavy Nasdaq rose 0.87%.
The company's shares have risen 14.14% over the past month, outpacing the Computer and Technology sector's gain of 6.36% and the S&P 500's gain of 4.87%.
The investment community will be paying close attention to Airbnb, Inc.'s earnings performance in the upcoming release. On that day, Airbnb, Inc. expected to report earnings of $2.22 per share, which would represent a year-over-year decline of 7.11%. Additionally, our latest consensus estimate is calling for revenues of $3.71 billion, indicating an increase of 9.35% from the year-ago quarter.
ABNB's full-year Zacks Consensus Estimates are projecting earnings of $4.33 per share and revenue of $11.03 billion. These results would represent year-over-year changes of -40.19% and +11.18%, respectively.
Investors should also pay attention to the latest changes to analyst estimates for Airbnb, Inc. Such recent changes usually indicate the changing landscape of near-term business trends. With this in mind, we can view positive estimate revisions as a sign of optimism about the company's business prospects.
Our research shows that these estimate changes are directly correlated with near-term stock price movement. To leverage this, we have created the Zacks Rank, a quantitative model that incorporates these estimate changes and presents an actionable 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 delivering an average annual return of +25 since 1988 % generated. over the past 30 days, the Zacks Consensus EPS estimate has witnessed a decline of 1.49%. Airbnb, Inc. currently carries a Zacks Rank of #3 (Hold).
Looking at the valuation, Airbnb, Inc. currently a price-earnings ratio of 31.07. This valuation represents a premium compared to the industry's average forward price-to-earnings ratio of 18.46.
Meanwhile, ABNB's PEG ratio currently stands at 1.81. The PEG ratio is similar to the commonly used price-to-earnings ratio, but this metric also takes into account the company's expected earnings growth. Internet – Content stocks average a PEG ratio of 1.49 based on yesterday's closing prices.
The Internet content industry is part of the computer and technology sector. The current Zacks Industry Rank of 34 puts this sector in the top 14% of all industries, with a total of over 250.
The Zacks Industry Rank assesses the strength of our individual industry groups by calculating the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% of sectors perform better than the bottom half by a factor of 2 to 1.
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Airbnb, Inc. (ABNB): Free stock analysis report
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