In the latest trading session, Bumble Inc. (BMBL) closed at $5.86, marking a -2.98% move from the previous day. This change lagged the S&P 500's 0.01% gain on the day. Meanwhile, the Dow gained 0.51%, and the Nasdaq, a tech-heavy index, lost 0.28%.
Prior to today's trading, shares of the company had lost 6.5% lagged the Computer and Technology sector's gain of 10.49% and the S&P 500's gain of 4.83%.
Market participants will be closely following the financial results of Bumble Inc. in its upcoming release. The company's earnings per share (EPS) are projected to be $0.39, reflecting a 11.43% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $244.56 million, down 10.62% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$1.79 per share and a revenue of $970.56 million, signifying shifts of +61.17% and -9.43%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Bumble Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Bumble Inc. currently has a Zacks Rank of #3 (Hold).
With respect to valuation, Bumble Inc. is currently being traded at a Forward P/E ratio of 27.05. This signifies a discount in comparison to the average Forward P/E of 29.87 for its industry.
We can additionally observe that BMBL currently boasts a PEG ratio of 0.84. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Internet – Software industry had an average PEG ratio of 2.25.
The Internet – Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 62, putting it in the top 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
