Why Airbnb Stock Popped Again Before Earnings
Airbnb (NASDAQ: ABNB) stock jumped 11% in early trading Wednesday before retreating a bit as the day wore on. By the time the closing bell rang, Airbnb stock ended up 6.7%.
Just 24 hours remain before Airbnb reports its fiscal Q4 earnings -- tomorrow after close of trading. And while investors seem eager to see the results, they might not want to get their hopes too high up. According to analysts who follow the stock, Airbnb is probably going to report a loss of epic proportions -- as much as $9.16 per share, on sales of just under $748 million.
Not everyone is in agreement on that. On Monday if you recall, analysts at Loop Capital predicted Airbnb will do better than those low expectations and upgraded the stock to a buy.
Source Fool.com
