Analysts on Wall Street project that Airbnb, Inc. (ABNB) will announce quarterly earnings of $0.63 per share in its forthcoming report, representing a decline of 17.1% year over year. Revenues are projected to reach $2.42 billion, increasing 9.2% from the same quarter last year.
The current level reflects an upward revision of 3.5% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some Airbnb metrics that Wall Street analysts commonly model and monitor.
Analysts expect 'Gross Booking Value' to come in at $17.18 billion. The estimate compares to the year-ago value of $15.50 billion.
The collective assessment of analysts points to an estimated 'Nights and Experiences Booked' of 108.49 million. The estimate is in contrast to the year-ago figure of 98.8 million.
Analysts' assessment points toward 'Gross Booking Value per Night and Experience Booked (ADR)' reaching $158.50. The estimate compares to the year-ago value of $156.73.
View all Key Company Metrics for Airbnb here>>>
Over the past month, Airbnb shares have recorded returns of +4.1% versus the Zacks S&P 500 composite's +2.1% change. Based on its Zacks Rank #3 (Hold), ABNB will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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