Airbnb, Inc. (ABNB) closed the most recent trading day at $106.37, moving -0.27% from the previous trading session. This change lagged the S&P 500's 0.23% loss on the day. Elsewhere, the Dow lost 0.91%, while the tech-heavy Nasdaq added 0.1%.

Heading into today, shares of the company had lost 20.63% over the past month, lagging the Consumer Discretionary sector's loss of 19.11% and the S&P 500's loss of 12.13% in that time.

The upcoming earnings release of Airbnb, Inc. will be of great interest to investors. On that day, Airbnb, Inc. is projected to report earnings of $0.25 per share, which would represent a year-over-year decline of 39.02%. Our most recent consensus estimate is calling for quarterly revenue of $2.26 billion, up 5.49% from the year-ago period.

ABNB's full-year Zacks Consensus Estimates are calling for earnings of $4.30 per share and revenue of $12.2 billion. These results would represent year-over-year changes of +4.62% and +9.93%, respectively.

Investors should also take note of any recent adjustments to analyst estimates for Airbnb, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.18% lower. Airbnb, Inc. is holding a Zacks Rank of #3 (Hold) right now.

Digging into valuation, Airbnb, Inc. currently has a Forward P/E ratio of 24.79. This represents a premium compared to its industry's average Forward P/E of 16.23.

It's also important to note that ABNB currently trades at a PEG ratio of 2.17. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Leisure and Recreation Services industry currently had an average PEG ratio of 1 as of yesterday's close.

The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 51, placing it within the top 21% of over 250 industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow ABNB in the coming trading sessions, be sure to utilize Zacks.com.

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Airbnb, Inc. (ABNB) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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