ABNB stock rose 10% on February 15, 2022, after the company reported impressive EPS and revenue beats.
Airbnb Announces Fourth Quarter and Full Year 2021 Results
Airbnb, Inc. (NASDAQ: ABNB) has posted a shareholder letter containing its fourth quarter and full year 2021 financial results. Airbnb reported Q4 EPS of 8c versus the consensus estimate of 3c. The company reported Q4 revenue of $1.53B versus the consensus estimate of $1.46B. Airbnb reported Q3 adjusted EBITDA of $333M. Airbnb forecasts Q1 revenue between $1.41B-$1.48B versus the consensus estimate of $1.24B.
The company said: “We expect to deliver Q1 2022 revenue of between $1.41 billion and $1.48 billion, highlighting strong growth in nights stayed and ADR relative to both Q1 2021 and Q1 2019. Due to the seasonally long lead times for Q1 Nights and Experiences Booked, we expect revenue in Q1 2022 to decrease modestly on an absolute basis relative to Q4 2021 and revenue as a share of GBV in Q1 2022 to decrease relative to Q4 2021 (consistent with historical seasonality). We are incredibly proud of the progress we’ve made over the last years in reducing variable costs, increasing marketing efficiency and tightly managing fixed expenses. This substantial improvement of our cost structure combined with higher ADRs has allowed us to deliver significant margin expansion. Due to these improvements, we expect to achieve our first positive Q1 Adjusted EBITDA in Airbnb history. Full year revenue and Adjusted EBITDA will be highly sensitive to movements in ADR. Assuming some ADR pressure due to mix shift, we would expect Adjusted EBITDA margin to be directionally in-line with 2021 as sales and marketing expense as a percent of revenue is expected to remain relatively flat and incremental variable cost improvements and fixed cost discipline is potentially offset by lower ADR.”
📺 What You Need to Know Before Buying Airbnb Stock | ABNB Stock Earnings Prediction
📉 ABNB Stock Technical Analysis
The long-term trend is still neutral, but the short-term trend is positive, so the stock may be getting more and more appreciated by traders and investors. ABNB is part of the Hotels, Restaurants & Leisure industry. There are 140 other stocks in this industry, ABNB did better than 42% of them. ABNB is currently trading in the middle of its 52-week range. This is in line with the S&P500 Index, which is also trading in the middle of its range. Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
There is a support zone ranging from 163.48 to 166.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames. There is also a support zone ranging from 142.65 to 143.68. This zone is formed by a combination of multiple trend lines in multiple time frames. Finally, there is support at 139.04 from a trend line in the daily time frame.
There is resistance at 206.55 from a horizontal line in the weekly time frame. There is also resistance at 212.68 from a horizontal line in the weekly time frame.
ABNB has an average technical rating and it also does not offer a high-quality setup at the moment. ABNB stock has a Setup Rating of 3 out of 10. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first. Click here to sign up for email alerts on when ABNB stock consolidates and has a Setup Rating of 8 or higher.