Why Bumble Inc. (BMBL) Outpaced the Stock Market Today

In the latest trading session, Bumble Inc. (BMBL) closed at $3.55, marking a +2.01% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.16%. Meanwhile, the Dow experienced a rise of 0.17%, and the technology-dominated Nasdaq saw an increase of 0.26%. Heading into today, shares of the company had gained 2.65% over the past month, outpacing the Computer and Technology sector's loss of 0.85% and the S&P 500's gain of 1.89%.Analysts and investors alike will be keeping a close eye on the performance of Bumble Inc. in its upcoming earnings disclosure. For the full year, the Zacks Consensus Estimates project earnings of -$1.86 per share and a revenue of $962.96 million, demonstrating changes of +59.65% and 0%, respectively, from the preceding year. It's also important for investors to be aware of any recent modifications to analyst estimates for Bumble Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. At present, Bumble Inc. boasts a Zacks Rank of #5 (Strong Sell). In terms of valuation, Bumble Inc. is presently being traded at a Forward P/E ratio of 3.84. This indicates a discount in contrast to its industry's Forward P/E of 24.48. We can also see that BMBL currently has a PEG ratio of 0.12. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. BMBL's industry had an average PEG ratio of 1.49 as of yesterday's close. The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 51, which puts it in the top 21% of all 250+ industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. You can find more information on all of these metrics, and much more, on Zacks.com. 5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They includeStock #1: A Disruptive Force with Notable Growth and ResilienceStock #2: Bullish Signs Signaling to Buy the DipStock #3: One of the Most Compelling Investments in the MarketStock #4: Leader In a Red-Hot Industry Poised for GrowthStock #5: Modern Omni-Channel Platform Coiled to SpringMost of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%.Download Atomic Opportunity: Nuclear Energy's Comeback free today.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Bumble Inc. (BMBL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks