What's Going On With Airbnb Shares Tuesday?
Portfolio Pulse from Dylan Berman
Airbnb, Inc. (NASDAQ:ABNB) is in focus ahead of its earnings report on Tuesday. Analysts estimate an EPS of 91 cents and revenue of $2.73 billion for the 2024 fiscal year second quarter. Airbnb has a strong track record of beating analyst estimates for both revenue and EPS. The stock traded lower on Monday due to market weakness but has since rebounded, trading 4.64% higher at $131.13 on Tuesday morning.
August 06, 2024 | 5:48 pm
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Airbnb is expected to report its earnings with analysts estimating an EPS of 91 cents and revenue of $2.73 billion. The company has a strong history of beating estimates, which could positively impact the stock price. Currently, the stock is trading 4.64% higher at $131.13.
Airbnb has a strong track record of beating analyst estimates, which generally leads to positive investor sentiment and a rise in stock price. The current trading price being higher indicates market optimism ahead of the earnings report.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100