Airbnb, Inc. closed at $170.19, up 1.52% from the prior session, outpacing the S&P 500's 0.86% gain, while the Dow added 0.98% and the Nasdaq rose 0.96%. The company's upcoming earnings release is projected to show earnings per share of $2.88, a 30.32% increase from the same quarter last year, with revenue forecast at $4.74 billion, up 15.79% year over year. For the full year, the Zacks Consensus Estimates project earnings of $5.24 per share and revenue of $14.1 billion, representing changes of +30.02% and +15.21%, respectively, from the preceding year. Over the past month, the Zacks Consensus EPS estimate has risen 0.31%, and Airbnb currently carries a Zacks Rank of #3 (Hold). The stock trades at a Forward P/E ratio of 32, a premium to its industry's average of 15.49, and carries a PEG ratio of 1.94 versus the Leisure and Recreation Services industry's average of 1.13.
Airbnb IncUpcoming earnings projected at $2.88 EPS (+30.32% YoY) and $4.74B revenue, with full-year estimates raised, driving the stock higher.
