Airbnb, Inc. (ABNB) Stock Sinks As Market Gains: What You Should Know
Airbnb, Inc. (ABNB) closed at $170.50 in the latest trading session, marking a -1.77% move from the prior day. This change lagged the S&P 500's daily gain of 1.71%.
Coming into today, shares of the company had gained 4.33% in the past month. In that same time, the Computer and Technology sector lost 4.5%, while the S&P 500 lost 2.25%.
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 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. 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.
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. 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 107, which puts it in the top 43% 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.
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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