In the latest trading session, Snap (SNAP) closed at $10.64, marking a -1.12% move from the previous day. This move lagged the S&P 500's daily loss of 0.46%. Elsewhere, the Dow lost 0.13%, while the tech-heavy Nasdaq lost 0.63%.
Prior to today's trading, shares of the company behind Snapchat had gained 6.75% over the past month. This has outpaced the Computer and Technology sector's gain of 2.74% and the S&P 500's gain of 1.08% in that time.
Wall Street will be looking for positivity from SNAP as it approaches its next earnings report date. In that report, analysts expect SNAP to post earnings of -$0.12 per share. This would mark year-over-year growth of 29.41%. Meanwhile, our latest consensus estimate is calling for revenue of $305.51 million, up 32.45% from the prior-year quarter.
SNAP's full-year Zacks Consensus Estimates are calling for earnings of -$0.29 per share and revenue of $1.56 billion. These results would represent year-over-year changes of +38.3% and +32.15%, respectively.
Any recent changes to analyst estimates for SNAP should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. SNAP currently has a Zacks Rank of #3 (Hold).
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 60, putting it in the top 24% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Snap Inc. (NYSE:SNAP): Free Stock Analysis Report
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