In the latest close session, Airbnb, Inc. (ABNB) was up +2.59% at $145.56. This move outpaced the S&P 500's daily loss of 0.05%. Meanwhile, the Dow lost 0.09%, and the Nasdaq, a tech-heavy index, lost 0.24%.
Prior to today's trading, shares of the company had gained 5.49% outpaced the Consumer Discretionary sector's loss of 2.34% and the S&P 500's loss of 1.42%.
The investment community will be closely monitoring the performance of Airbnb, Inc. in its forthcoming earnings report. It is anticipated that the company will report an EPS of $1.19, marking a 15.53% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $3.58 billion, up 15.69% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.91 per share and revenue of $13.97 billion. These totals would mark changes of +21.84% and +14.16%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Airbnb, Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Airbnb, Inc. is currently a Zacks Rank #3 (Hold).
Looking at valuation, Airbnb, Inc. is presently trading at a Forward P/E ratio of 28.87. This signifies a premium in comparison to the average Forward P/E of 16.8 for its industry.
Also, we should mention that ABNB has a PEG ratio of 1.52. 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 average PEG ratio for the Leisure and Recreation Services industry stood at 1.49 at the close of the market yesterday.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 182, this industry ranks in the bottom 26% of all industries, numbering over 250.
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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Airbnb, Inc. (ABNB): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).