Bumble Inc. (BMBL) Beats Stock Market Upswing: What Investors Need to Know

Bumble Inc. (BMBL) closed at $3.87 in the latest trading session, marking a +2.65% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 1.01% for the day. On the other hand, the Dow registered a gain of 0.83%, and the technology-centric Nasdaq increased by 1.22%.

Coming into today, shares of the company had gained 37.09% in the past month. In that same time, the Computer and Technology sector lost 2.06%, while the S&P 500 lost 2.86%.

Market participants will be closely following the financial results of Bumble Inc. in its upcoming release. In that report, analysts expect Bumble Inc. to post earnings of $0.27 per share. This would mark year-over-year growth of 107.69%. Simultaneously, our latest consensus estimate expects the revenue to be $211.37 million, showing a 14.46% drop compared to the year-ago quarter.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.03 per share and revenue of $858.39 million. These totals would mark changes of +117.08% and -11.11%, respectively, from last year.

Investors should also note any recent changes to analyst estimates for Bumble Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been a 16.82% rise in the Zacks Consensus EPS estimate. Bumble Inc. is currently a Zacks Rank #3 (Hold).

Valuation is also important, so investors should note that Bumble Inc. has a Forward P/E ratio of 3.67 right now. This signifies a discount in comparison to the average Forward P/E of 19.67 for its industry.

Also, we should mention that BMBL has a PEG ratio of 0.12. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. BMBL's industry had an average PEG ratio of 1.09 as of yesterday's close.

The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 149, finds itself in the bottom 40% echelons of all 250+ industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.

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This article originally published on Zacks Investment Research (zacks.com).

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