Airbnb (ABNB) is set to report Q2 (Jun) results today after the close, with a call to follow at 4:30pm ET.
The current S&P CapitalIQ consensus is for EPS of $0.43 and revs of $2.11 bln, a 66% jump yr/yr.
ABNB expected Q2 revs of $2.03-2.13 bln in the prior quarter, with the average daily rate (ADR) to be flat yr/yr.
ABNB heads into its Q2 report having topped earnings estimates for four consecutive quarters. Revenue growth has also been robust, exceeding 66% in each of the past four quarters.
Higher fuel costs may be hurting traveling.
TECHS:
The stock is down over 30% on the year.
ABNB Currently trades around 63x forward earnings, a premium relative to competitors Booking Holdings (BKNG) at ~18x and Expedia Group (EXPE) at ~14x. Both BKNG and EXPE report Q2 results as well this week after the close on August 3 and 4, respectively.
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