Airbnb, Inc. (ABNB) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Airbnb, Inc. (ABNB) closed at $167.25, marking a +1.52% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.41%.
Heading into today, shares of the company had lost 0.16% over the past month, outpacing the Computer and Technology sector's loss of 7.83% and the S&P 500's loss of 4.08% in that time.
ABNB will be looking to display strength as it nears its next earnings release.
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 +70.09%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for ABNB. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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 14.17% 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 112, which puts it in the top 45% 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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Airbnb, Inc. (ABNB) : Free Stock Analysis Report
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