Skip to content

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved.

Airbnb Earnings: reopening tailwinds expected to support profit outlook

Airbnb reports its earnings aftermarket on Thursday (EST).

Airbnb Source: Bloomberg

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

IG client sentiment Source: IG charts

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.

Chart 1 Source: IG charts

IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

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. Please see important Research Disclaimer.

Please also note that the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.

Ready to put theory into practice?

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

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

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.

The Momentum Report

Get the week’s momentum report sent directly to your inbox every Tuesday for FREE. The Week Ahead gives you a full calendar of upcoming key events to monitor in the coming week, as well as commentary and insight from our expert analysts on the major indices to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

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 CFDs.

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