Airbnb (ABNB) to Release Quarterly Earnings on Wednesday

Airbnb (NASDAQ:ABNB) will post its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect Airbnb to post earnings of $0.29 per share for the quarter. Airbnb has set its Q1 2024 guidance at EPS.Investors that wish to register for the company’s conference call can do so using this link.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. On average, analysts expect Airbnb to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Airbnb Stock Performance

ABNB stock opened at $159.71 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.66 and a current ratio of 1.66. The stock has a market capitalization of $103.34 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 2.12 and a beta of 1.24. Airbnb has a 1 year low of $103.55 and a 1 year high of $170.10. The stock’s fifty day moving average is $161.18 and its two-hundred day moving average is $144.81.

Insider Activity

In other news, CTO Aristotle N. Balogh sold 75,500 shares of Airbnb stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $155.31, for a total transaction of $11,725,905.00. Following the completion of the sale, the chief technology officer now directly owns 146,131 shares in the company, valued at approximately $22,695,605.61. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CTO Aristotle N. Balogh sold 75,500 shares of Airbnb stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $155.31, for a total transaction of $11,725,905.00. Following the completion of the sale, the chief technology officer now directly owns 146,131 shares in the company, valued at approximately $22,695,605.61. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Aristotle N. Balogh sold 50,000 shares of Airbnb stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $164.00, for a total value of $8,200,000.00. Following the sale, the chief technology officer now owns 145,531 shares of the company’s stock, valued at $23,867,084. The disclosure for this sale can be found here. Insiders sold a total of 396,874 shares of company stock worth $63,712,671 in the last three months. 27.83% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ABNB shares. UBS Group cut their target price on Airbnb from $148.00 to $143.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 14th. Bank of America lifted their price objective on shares of Airbnb from $155.00 to $168.00 and gave the company a “neutral” rating in a research note on Thursday, March 14th. Susquehanna lifted their price objective on shares of Airbnb from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Wednesday, February 14th. Barclays lifted their price objective on shares of Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research note on Monday, January 29th. Finally, Wedbush restated a “neutral” rating and set a $160.00 price objective on shares of Airbnb in a research note on Thursday, April 18th. Four investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Airbnb has an average rating of “Hold” and an average target price of $149.19.

About Airbnb

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.