Airbnb Earnings: reopening tailwinds expected to support profit outlook

Airbnb reports its earnings aftermarket on Thursday (EST).

What to watch for

Airbnb Inc is expected to show modest revenue and earnings growth for the quarter, but convey an optimism about the prospects of growth for the company in the periods ahead.

Consensus estimates is for EPS of -0.35c for the quarter, with revenue tipped in at $1.26 billion. The company’s growth since listing last year has been hamstrung by the lockdowns and travel restrictions associated with the Covid-19 pandemic. However, with vaccine rollouts in the US and Europe proving successful, and pent-up demand for travel tipped to be released as a result, Airbnb management is expected to paint a positive outlook for future growth and earnings.

The key data going into Airbnb Q2 results

Financial metrics

EPS

Revenue

EPS growth Y/Y

Trailing P/E

-0.35c $1.26 billion N/A N/A

Source: Bloomberg

Analyst recommendations

Buy

Hold

Sell

Consensus price target

19 15 2 $170.59

Source: Bloomberg

Airbnb IG client sentiment

Airbnb technical analysis: price shows signs of bottoming as momentum lifts

Price data for Airbnb shares is relatively limited given the company only floated in late 2020.

Nevertheless, the charts clearly show price in a primary downtrend. Despite this, there are signs of burgeoning upside for the stock, after recently testing its historical lows. Price is showing signs of bottoming, with a double looking to have taken shape around price support at $US130.00 per share, while momentum is picking up with the daily RSI at 60 and trending higher.

Key resistance currently sits just above $157 per share, which also coincides with its 100-day MA. If broken, price may be drawn towards analyst consensus price target, which is at about $170 presently.

Want to trade Airbnb?

Create an IG trading account or log in to your existing account to get started now.

Ready to put theory into practice?

Related articles

Live prices on most popular markets

  • Forex
  • Shares
  • Indices
liveprices.javascriptrequired


See more forex live prices

liveprices.javascriptrequired


See more shares live prices

liveprices.javascriptrequired


See more indices live prices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Monday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.


You might be interested in…

How much does trading cost?

Find out about IG

Plan your trading

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of spread betting and CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.


This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.