Airbnb(US:ABNB) ZACKS·2024-12-30 23:56Company Performance - Airbnb Inc is forecasted to report an EPS of $0 59, a 22 37% decrease from the same quarter last year [2] - The company's revenue is expected to be $2 43 billion, a 9 34% increase compared to the same quarter last year [2] - For the full year, analysts expect earnings of $3 99 per share and revenue of $11 05 billion, marking changes of -44 89% and +11 41% respectively from last year [3] - Airbnb Inc shares lost 2% over the previous month, underperforming the Consumer Discretionary sector's loss of 1 28% and the S&P 500's loss of 0 36% [12] Valuation Metrics - Airbnb Inc currently has a PEG ratio of 1 86, higher than the Leisure and Recreation Services industry average of 0 98 [5] - The company is trading at a Forward P/E ratio of 33 45, a premium compared to its industry's average Forward P/E of 21 24 [7] Industry Context - The Leisure and Recreation Services industry is part of the Consumer Discretionary sector and ranks in the top 9% of all industries with a Zacks Industry Rank of 22 [8] - The Zacks Industry Rank shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [11] Market Performance - Airbnb Inc ended the recent trading session at $131 81, a -1 18% change from the previous day's closing price [9] - This performance lagged behind the S&P 500's daily loss of 1 07%, the Dow's loss of 0 97%, and the Nasdaq's loss of 1 19% [9] Analyst Estimates - Recent modifications to analyst estimates for Airbnb Inc signify changing near-term business trends, with positive revisions indicating optimism about the company's outlook [1] - Empirical research shows that revisions in estimates have a direct correlation with impending stock price performance [4] - The Zacks Rank system, which Airbnb Inc currently holds at 3 (Hold), has a track record of exceeding expectations, with 1 ranked stocks delivering an average annual return of +25% since 1988 [6]