Airbnb Gears Up For Q1 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Airbnb, Inc. (NASDAQ:ABNB) is set to release its Q1 earnings after the market closes on May 8, with analysts forecasting an increase in earnings per share from 17 cents to 24 cents, and revenue to rise from $1.82 billion to $2.06 billion year-over-year. The company previously reported a 17% increase in Q4 revenue year-over-year, beating consensus estimates. Ahead of the earnings call, analysts from Mizuho, Tigress Financial, Wells Fargo, B of A Securities, and Truist Securities have updated their ratings and price targets for Airbnb.
May 08, 2024 | 2:03 pm
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Airbnb is anticipated to report increased earnings and revenue for Q1, with positive adjustments from analysts suggesting a bullish outlook. The company's previous quarter's performance exceeded expectations, indicating potential for continued growth.
The anticipation of increased earnings and revenue for Airbnb, coupled with positive analyst ratings and adjustments, suggests a bullish outlook for the stock in the short term. The company's performance exceeding expectations in the previous quarter further supports this potential for growth.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100