Airbnb stock closed at $159.71, up 0.87%, but lagged behind market indices.

From Nasdaq: 2024-05-03 17:50:10

In the latest trading session, Airbnb, Inc. (ABNB) closed at $159.71, a +0.87% change from the previous day. This performance lagged behind the S&P 500 (+1.26%), with the Dow up 1.18% and Nasdaq up 1.99%. Over the past month, ABNB shares lost 0.32%, while the sector and S&P 500 both saw declines.

Investors are eagerly awaiting Airbnb, Inc.’s earnings release on May 8, 2024. Forecasts predict an EPS of $0.26, marking a 44.44% increase from last year. Estimates also suggest quarterly revenue of $2.07 billion, a 13.66% rise YoY. Full-year estimates indicate expected earnings of $4.47 per share and revenue of $11.14 billion.

Analyst forecast revisions for Airbnb, Inc. can indicate short-term business trends. Positive revisions demonstrate confidence in the company’s performance and profitability. Utilizing the Zacks Rank, which incorporates estimate changes, analysts can provide actionable ratings. At present, Airbnb, Inc. holds a Zacks Rank of #2 (Buy).

Valuation metrics show Airbnb, Inc. currently has a Forward P/E ratio of 35.45, exceeding the industry average of 18.78. An industry comparison reveals a PEG ratio of 2.1 for ABNB, while the sector average stands at 1.66. The Internet – Content industry, part of the Computer and Technology sector, ranks relatively low at 178 out of 250+ industries on the Zacks Industry Rank.

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Read more at Nasdaq: Airbnb, Inc. (ABNB) Rises Yet Lags Behind Market: Some Facts Worth Knowing