We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Snap (SNAP) Stock Moves -0.39%: What You Should Know
Read MoreHide Full Article
Snap (SNAP - Free Report) closed at $25.37 in the latest trading session, marking a -0.39% move from the prior day. This change was narrower than the S&P 500's 2.37% loss on the day. Elsewhere, the Dow lost 1.92%, while the tech-heavy Nasdaq lost 3.02%.
Coming into today, shares of the company behind Snapchat had gained 20.6% in the past month. In that same time, the Computer and Technology sector lost 2.69%, while the S&P 500 lost 2.31%.
Wall Street will be looking for positivity from SNAP as it approaches its next earnings report date. The company is expected to report EPS of -$0.07, down 75% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $547.24 million, up 22.65% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.25 per share and revenue of $2.18 billion, which would represent changes of -56.25% and +26.91%, respectively, from the prior 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. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 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. Within the past 30 days, our consensus EPS projection has moved 0.39% lower. 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 174, putting it in the bottom 32% 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Snap (SNAP) Stock Moves -0.39%: What You Should Know
Snap (SNAP - Free Report) closed at $25.37 in the latest trading session, marking a -0.39% move from the prior day. This change was narrower than the S&P 500's 2.37% loss on the day. Elsewhere, the Dow lost 1.92%, while the tech-heavy Nasdaq lost 3.02%.
Coming into today, shares of the company behind Snapchat had gained 20.6% in the past month. In that same time, the Computer and Technology sector lost 2.69%, while the S&P 500 lost 2.31%.
Wall Street will be looking for positivity from SNAP as it approaches its next earnings report date. The company is expected to report EPS of -$0.07, down 75% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $547.24 million, up 22.65% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.25 per share and revenue of $2.18 billion, which would represent changes of -56.25% and +26.91%, respectively, from the prior 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. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 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. Within the past 30 days, our consensus EPS projection has moved 0.39% lower. 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 174, putting it in the bottom 32% 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.