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ABNB Update: Short Term Trade Opportunity

Long
NASDAQ:ABNB   Airbnb, Inc.
Yahoo Finance:

Even though a company’s earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It’s almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company’s potential revenue growth is crucial.

In the case of Airbnb, Inc. the consensus sales estimate of $1.79 billion for the current quarter points to a year-over-year change of +18.7%. The $9.66 billion and $11.14 billion estimates for the current and next fiscal years indicate changes of +15% and +15.2%, respectively.

Last Reported Results and Surprise History

Airbnb, Inc. reported revenues of $1.9 billion in the last reported quarter, representing a year-over-year change of +24.1%. EPS of $0.48 for the same period compares with $0.08 a year ago.

Compared to the Zacks Consensus Estimate of $1.87 billion, the reported revenues represent a surprise of +1.7%. The EPS surprise was +77.78%.

The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.

Technical Overview:

H4 Chart Timeframe:

Advanced Chart Pattern Tracker: Bullish Triangle Pattern and Cont. I SHS Pattern

Cycle Sniper Indicator: D1 Headed North.

Price Closed above P100 Beta Bands. The technical target will be P200 Beta Bands.

Shorter term: Closing above 120$ will confirm the next target at 126$.

Longer term: If it holds above 100 $, targets will be 131.25$ 137.50$ and 143$ .

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