Third-quarter revenue is forecast at $2.85 billion, which would be up 35.4% sequentially and 27.2% higher year over year. Airbnb is expected to post EPS of $1.55, up 137.1% sequentially and by 26.0% year over year. For the full year, analysts are looking for EPS of $2.91, far better than the year-ago loss of $0.37, on revenue of $8.3 billion, up 38.6%.
Airbnb stock trades at about 39.6 times expected 2022 EPS, 38.4 times estimated 2023 earnings of $3.00 and 31.8 times estimated 2024 earnings of $3.63 per share. The stock’s 52-week trading range is $86.71 to $212.58. The company does not pay a dividend, and total shareholder return over the past year is negative 32.9%.
AMD
In the past 12 months, shares of chipmaker Advanced Micro Devices Inc. (NASDAQ: AMD) have slipped by about 49%. Since reaching a 52-week high in late November, the stock plummeted by nearly 70% to post a 52-week low just two weeks ago.
Citing weakness in the personal computer market, AMD warned early in October that revenue and gross margins would be much lower than previously forecast and that the company would take a charge of around $160 million related to inventory and other issues.
There are 42 analysts covering AMD, and 29 have a Buy or Strong Buy rating while the other 13 rate the shares at Hold. At a share price of around $62.00, the upside potential to a median price target of $90.00 is 45.2%. At the high price target of $200.00, the upside potential is more than 222%.
Consensus estimates call for third-quarter revenue of $5.69 billion, down 13.2% sequentially but up 32.0% year over year. Estimated adjusted EPS of $0.72 would be down almost 32% sequentially and a penny lower year over year. For the full 2022 fiscal year, analysts’ current consensus estimates call for EPS of $3.66, up 31.1%, on revenue of $23.81 billion, up 45%.
AMD stock trades at about 17.0 times expected 2022 EPS, 15.7 times estimated 2023 earnings of $3.96 and 9.9 times estimated 2024 earnings of $4.97 per share. The stock’s 52-week range is $54.57 to $164.46. AMD does not pay a dividend, and total shareholder return over the past year is negative 48.8%.
Devon Energy
Devon Energy Inc. (NYSE: DVN) is among the country’s 10 largest independent producers of oil and natural gas. Its stock has added nearly 88% to its share price over the past year, thanks largely to rising crude oil prices that began in September 2021.
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