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In the latest trading session, Airbnb, Inc. (ABNB) closed at $152.52, marking a +1.21% move from the previous day. This change outpaced the S&P 500's 1.31% loss on the day.
Heading into today, shares of the company had gained 10.65% over the past month, outpacing the Computer and Technology sector's gain of 7.7% and the S&P 500's gain of 1.56% 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 -$2.06 per share and revenue of $5.37 billion. These results would represent year-over-year changes of +86.74% and +58.92%, respectively.
Any recent changes to analyst estimates for ABNB should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
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.
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. Within the past 30 days, our consensus EPS projection has moved 7.56% lower. ABNB is currently sporting a Zacks Rank of #3 (Hold).
The Internet - Content industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 180, which puts it in the bottom 30% 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.
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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