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Snap (SNAP) Gains As Market Dips: What You Should Know
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Snap (SNAP - Free Report) closed at $5.75 in the latest trading session, marking a +1.41% move from the prior day. This move outpaced the S&P 500's daily loss of 0.04%. At the same time, the Dow lost 0.22%, and the tech-heavy Nasdaq gained 0.16%.
Prior to today's trading, shares of the company behind Snapchat had lost 14.74% over the past month. This has lagged the Computer and Technology sector's loss of 4.01% and the S&P 500's loss of 4.99% in that time.
Investors will be hoping for strength from SNAP as it approaches its next earnings release, which is expected to be February 5, 2019. On that day, SNAP is projected to report earnings of -$0.08 per share, which would represent year-over-year growth of 38.46%. Meanwhile, our latest consensus estimate is calling for revenue of $375.24 million, up 31.35% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.52 per share and revenue of $1.17 billion. These totals would mark changes of +14.75% and +41.4%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for SNAP. 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 company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. SNAP is currently a Zacks Rank #2 (Buy).
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 26, which puts it in the top 10% 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.
To follow SNAP in the coming trading sessions, be sure to utilize Zacks.com.
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Snap (SNAP) Gains As Market Dips: What You Should Know
Snap (SNAP - Free Report) closed at $5.75 in the latest trading session, marking a +1.41% move from the prior day. This move outpaced the S&P 500's daily loss of 0.04%. At the same time, the Dow lost 0.22%, and the tech-heavy Nasdaq gained 0.16%.
Prior to today's trading, shares of the company behind Snapchat had lost 14.74% over the past month. This has lagged the Computer and Technology sector's loss of 4.01% and the S&P 500's loss of 4.99% in that time.
Investors will be hoping for strength from SNAP as it approaches its next earnings release, which is expected to be February 5, 2019. On that day, SNAP is projected to report earnings of -$0.08 per share, which would represent year-over-year growth of 38.46%. Meanwhile, our latest consensus estimate is calling for revenue of $375.24 million, up 31.35% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.52 per share and revenue of $1.17 billion. These totals would mark changes of +14.75% and +41.4%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for SNAP. 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 company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. SNAP is currently a Zacks Rank #2 (Buy).
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 26, which puts it in the top 10% 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.
To follow SNAP in the coming trading sessions, be sure to utilize Zacks.com.