The latest trading session saw Snap (SNAP - Free Report) ending at $8.64, denoting a +1.29% adjustment from its last day's close. The stock's performance was ahead of the S&P 500's daily gain of 0.45%. Meanwhile, the Dow experienced a drop of 0.23%, and the technology-dominated Nasdaq saw an increase of 0.84%.
Coming into today, shares of the company behind Snapchat had lost 5.43% in the past month. In that same time, the Computer and Technology sector lost 0.98%, while the S&P 500 gained 2.54%.
The investment community will be closely monitoring the performance of Snap in its forthcoming earnings report. The company is predicted to post an EPS of $0.05, indicating a 150% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.35 billion, up 13.97% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.20 per share and a revenue of $5.36 billion, indicating changes of +122.22% and +16.29%, respectively, from the former year.
Any recent changes to analyst estimates for Snap should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.35% decrease. Snap presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Snap is presently being traded at a Forward P/E ratio of 41.76. This represents a premium compared to its industry's average Forward P/E of 30.61.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 83, finds itself in the top 33% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
The latest trading session saw Snap (SNAP - Free Report) ending at $8.64, denoting a +1.29% adjustment from its last day's close. The stock's performance was ahead of the S&P 500's daily gain of 0.45%. Meanwhile, the Dow experienced a drop of 0.23%, and the technology-dominated Nasdaq saw an increase of 0.84%.
Coming into today, shares of the company behind Snapchat had lost 5.43% in the past month. In that same time, the Computer and Technology sector lost 0.98%, while the S&P 500 gained 2.54%.
The investment community will be closely monitoring the performance of Snap in its forthcoming earnings report. The company is predicted to post an EPS of $0.05, indicating a 150% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.35 billion, up 13.97% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.20 per share and a revenue of $5.36 billion, indicating changes of +122.22% and +16.29%, respectively, from the former year.
Any recent changes to analyst estimates for Snap should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.35% decrease. Snap presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Snap is presently being traded at a Forward P/E ratio of 41.76. This represents a premium compared to its industry's average Forward P/E of 30.61.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 83, finds itself in the top 33% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Get the latest research report on SNAP - FREE