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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 the most recent trading day at $170.50, moving +0.44% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.3%.

Heading into today, shares of the company had lost 0.12% over the past month, lagging the Computer and Technology sector's gain of 1.79% and the S&P 500's gain of 4.28% in that time.

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

ABNB's full-year Zacks Consensus Estimates are calling for earnings of -$1.30 per share and revenue of $5.75 billion. These results would represent year-over-year changes of +91.63% and +70.18%, respectively.

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It is also important to note the recent changes to analyst estimates for ABNB. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. 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 13.33% lower. ABNB is currently a Zacks Rank #3 (Hold).

The Internet - Content industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 187, which puts it in the bottom 27% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our 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.

To follow ABNB in the coming trading sessions, be sure to utilize Zacks.com.


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Airbnb, Inc. (ABNB) : Free Stock Analysis Report
 
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Zacks Investment Research