Bumble Inc. (BMBL) ended the recent trading session at $2.96, demonstrating a -1.33% change from the preceding day's closing price. This change lagged the S&P 500's daily gain of 1.14%. At the same time, the Dow added 0.61%, and the tech-heavy Nasdaq gained 1.69%.
The company's shares have seen an increase of 7.53% over the last month, surpassing the Computer and Technology sector's loss of 1.69% and the S&P 500's loss of 2.85%.
The upcoming earnings release of Bumble Inc. will be of great interest to investors. The company is expected to report EPS of $0.24, down 31.43% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $210.25 million, down 14.59% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.08 per share and a revenue of $833.25 million, signifying shifts of +98.67% and -13.71%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Bumble Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 112.82% lower. At present, Bumble Inc. boasts a Zacks Rank of #3 (Hold).
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 87, which puts it in the top 36% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Beyond Nvidia: AI's Second Wave Is Here
The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.
See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Bumble Inc. (BMBL): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).