Airbnb (ABNB) to announce fourth quarter revenue: what’s in the cards?
Airbnb ABNB is expected to release its fourth quarter 2020 results on February 25.
On December 14, 2020, Airbnb finalized its initial public offering. Therefore, the fourth quarter results will be his first quarterly earnings report since becoming a publicly traded company.
Zacks’ consensus estimate for revenue is currently $ 735.1 million.
For the quarter, the consensus mark for loss has improved by a dime to $ 9.18 per share over the past 30 days.
Airbnb dominates the accommodation sharing platform in the travel market. The company estimates the usable addressable market at $ 1.5 trillion, including $ 1.2 trillion for short stays and $ 239 billion for experiments.
Airbnb, Inc. pricing and consensus
Airbnb, Inc. price-consensus-chart | Airbnb Quote, Inc.
Airbnb hosts cover more than 220 countries and regions, and approximately 100,000 cities. Notably, nearly 55% of the company’s guests are women.
As of September 30, 2020, Airbnb had more than 4 million hosts worldwide, 86% of which were located outside of the United States.
The company’s superior brand value and strong consumer awareness are expected to have driven sales growth in the fourth quarter. In addition, its strong host network likely contributed to the growth in the quarter to be published.
However, the coronavirus outbreak severely affected Airbnb’s business and is also expected to have hampered the company’s revenue growth in the reportable quarter.
What our model says
According to the Zacks model, the combination of a ESP on earnings and a Zacks rank of # 1 (strong buy), 2 (buy) or 3 (hold) increases the odds of beating the winnings. But it is not the case here.
Airbnb has an ESP on revenue of -5.17% and a Zacks # 3 rank. You can discover the best stocks to buy or sell before they are flagged with our ESP Income Filter.
Actions to consider
Here are a few companies that deserve to be considered under our model, as they have the right mix of elements to beat the profits of this reporting cycle:
CrowdStrike Holdings CRWD has an Income ESP of + 23.94% and a Zacks Rank of 2. You can see The full list of today’s Zacks # 1 Rank stocks here.
Churchill Downs CHDN has a Revenue ESP of + 146.91% and a Zacks # 2 rank.
Autodesk ADSK has + 2.29% revenue ESP and is ranked # 2.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.