Snap (NYSE:SNAP – Get Free Report) is set to post its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect Snap to post earnings of ($0.05) per share for the quarter. Snap has set its Q1 2024 guidance at EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.
Snap (NYSE:SNAP – Get Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.04. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Snap had a negative net margin of 28.71% and a negative return on equity of 47.47%. On average, analysts expect Snap to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Snap Trading Down 0.2 %
SNAP opened at $11.14 on Tuesday. Snap has a 1-year low of $7.86 and a 1-year high of $17.90. The firm has a 50-day moving average price of $11.21 and a two-hundred day moving average price of $12.78. The company has a current ratio of 4.39, a quick ratio of 4.39 and a debt-to-equity ratio of 1.55. The stock has a market capitalization of $18.38 billion, a PE ratio of -13.42 and a beta of 1.13.
Insider Buying and Selling at Snap
Analyst Upgrades and Downgrades
SNAP has been the subject of several analyst reports. Stifel Nicolaus lowered their price target on shares of Snap from $14.00 to $12.00 and set a “hold” rating for the company in a research report on Tuesday, April 16th. Wells Fargo & Company lowered their price target on shares of Snap from $22.00 to $16.00 and set an “overweight” rating for the company in a research report on Wednesday, February 7th. Piper Sandler lifted their price target on shares of Snap from $12.00 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 17th. UBS Group lowered their price target on shares of Snap from $14.00 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday, April 16th. Finally, BMO Capital Markets decreased their price objective on shares of Snap from $22.00 to $20.00 and set an “outperform” rating for the company in a report on Wednesday, February 7th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $13.86.
Get Our Latest Stock Report on Snap
About Snap
Snap Inc operates as a technology company in North America, Europe, and internationally. The company offers Snapchat, a visual messaging application with various tabs, such as camera, visual messaging, snap map, stories, and spotlight that enable people to communicate visually through short videos and images.
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