Airbnb, Inc. (ABNB) closed at $147.22 in the latest trading session, marking a +0.3% move from the prior day. This performance outpaced the S&P 500’s gains of 0.28% for the day. Elsewhere, the Dow gained 0.53%, and the Nasdaq surged 0.4%.
Shares of Airbnb have increased by 0.55% over the past month, underperforming the Computer and Technology sector’s gain of 4.22% and the S&P 500’s gain of 3.78%.
The investment community is anticipating Airbnb’s upcoming earnings release. The company is expected to report earnings of $0.91 per share, a 7.14% decrease from the same quarter last year. The most recent consensus estimate forecasts revenue of $2.75 billion, reflecting a 10.57% increase from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $4.65 per share on revenue of $11.25 billion, indicating changes of -35.77% and +13.44% respectively from the previous year.
Shareholders will be interested in recent adjustments to analyst estimates for Airbnb, Inc. Upward revisions in estimates reflect analysts’ favorable view of the company’s business and profitability. Our research shows that these estimate changes are directly related to near-term stock prices. To capitalize on this, we developed the Zacks Rank, a proprietary stock-rating system with a proven track record of outperformance. The Zacks Rank ranges from #1 (Strong Buy) to #5 (Strong Sell), with an average one-year return rate of +25% since 1988.
The Zacks Consensus EPS estimate has decreased by 0.29% over the last month. Currently, Airbnb, Inc. holds a Zacks Rank of #3 (Hold).
In terms of valuation, Airbnb, Inc. has a Forward P/E ratio of 31.58, compared to the industry average Forward P/E of 20.37, indicating that Airbnb, Inc. is trading at a premium. Additionally, Airbnb has a PEG ratio of 1.82, a modified form of the P/E ratio that considers growth. The Internet – Content industry had an average PEG ratio as of yesterday’s close.
