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Airbnb, Inc. (ABNB) closed the most recent trading day at $143.30, moving +1.21% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.02%.
Heading into today, shares of the company had lost 3.08% over the past month, lagging the Computer and Technology sector's gain of 2.65% and the S&P 500's gain of 2.91% in that time.
ABNB will be looking to display strength as it nears its next earnings release.
ABNB's full-year Zacks Consensus Estimates are calling for earnings of -$2.05 per share and revenue of $5.49 billion. These results would represent year-over-year changes of +86.8% and +62.61%, respectively.
Investors might also notice recent changes to analyst estimates for ABNB. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.29% higher. ABNB is currently sporting a Zacks Rank of #2 (Buy).
The Internet - Content industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 214, which puts it in the bottom 16% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Airbnb, Inc. (ABNB) : Free Stock Analysis Report
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