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Airbnb, Inc. (ABNB) Outpaces Stock Market Gains: What You Should Know

Zacks Equity Research
·2-min read

Airbnb, Inc. (ABNB) closed at $175.88 in the latest trading session, marking a +0.43% move from the prior day. This move outpaced the S&P 500's daily gain of 0.15%.

Heading into today, shares of the company had gained 14.67% over the past month, outpacing the Computer and Technology sector's gain of 0.81% and the S&P 500's loss of 0.58% in that time.

Wall Street will be looking for positivity from ABNB as it approaches its next earnings report date.

For the full year, our Zacks Consensus Estimates are projecting earnings of -$1.30 per share and revenue of $5.75 billion, which would represent changes of +91.63% and +70.14%, respectively, from the prior year.

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Investors might also notice recent changes to analyst estimates for ABNB. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 12.96% lower within the past month. ABNB is holding a Zacks Rank of #3 (Hold) right now.

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.

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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