Airbnb, Inc. (ABNB) closed at $141.88 in the latest trading session, marking a -1.75% move from the prior day. This change lagged the S&P 500's daily loss of 0.01%. Meanwhile, the Dow gained 0.14%, and the Nasdaq, a tech-heavy index, lost 0.46%.
The company's shares have seen an increase of 9.31% over the last month, surpassing the Consumer Discretionary sector's loss of 1.21% and the S&P 500's loss of 1.4%.
The investment community will be closely monitoring the performance of Airbnb, Inc. in its forthcoming earnings report. The company is predicted to post an EPS of $1.19, indicating a 15.53% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.58 billion, up 15.69% from the year-ago period.
ABNB's full-year Zacks Consensus Estimates are calling for earnings of $4.91 per share and revenue of $13.97 billion. These results would represent year-over-year changes of +21.84% and +14.16%, respectively.
Investors might also notice recent changes to analyst estimates for Airbnb, Inc. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. Within the past 30 days, our consensus EPS projection remained stagnant. Currently, Airbnb, Inc. is carrying a Zacks Rank of #3 (Hold).
Investors should also note Airbnb, Inc.'s current valuation metrics, including its Forward P/E ratio of 29.38. This expresses a premium compared to the average Forward P/E of 17.15 of its industry.
Meanwhile, ABNB's PEG ratio is currently 1.55. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Leisure and Recreation Services industry currently had an average PEG ratio of 1.49 as of yesterday's close.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 188, which puts it in the bottom 23% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners UpWant 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
Airbnb, Inc. (ABNB): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).