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Here's Why Snap (SNAP) Fell More Than Broader Market
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Snap (SNAP - Free Report) ended the recent trading session at $5.57, demonstrating a -4.62% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.41%. Meanwhile, the Dow lost 0.36%, and the Nasdaq, a tech-heavy index, lost 0.89%.
Heading into today, shares of the company behind Snapchat had gained 30.07% over the past month, outpacing the Computer and Technology sector's gain of 14.93% and the S&P 500's gain of 9.71%.
Analysts and investors alike will be keeping a close eye on the performance of Snap in its upcoming earnings disclosure. The company's earnings report is set to go public on May 6, 2026. The company's upcoming EPS is projected at $0.09, signifying a 125.00% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $1.52 billion, up 11.43% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.54 per share and a revenue of $6.74 billion, indicating changes of +63.64% and +13.59%, respectively, from the former year.
Any recent changes to analyst estimates for Snap should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 25.66% rise in the Zacks Consensus EPS estimate. Currently, Snap is carrying a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Snap has a Forward P/E ratio of 10.86 right now. This indicates a discount in contrast to its industry's Forward P/E of 19.47.
Also, we should mention that SNAP has a PEG ratio of 0.25. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Internet - Software industry stood at 1.14 at the close of the market yesterday.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 88, positioning it in the top 37% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Here's Why Snap (SNAP) Fell More Than Broader Market
Snap (SNAP - Free Report) ended the recent trading session at $5.57, demonstrating a -4.62% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.41%. Meanwhile, the Dow lost 0.36%, and the Nasdaq, a tech-heavy index, lost 0.89%.
Heading into today, shares of the company behind Snapchat had gained 30.07% over the past month, outpacing the Computer and Technology sector's gain of 14.93% and the S&P 500's gain of 9.71%.
Analysts and investors alike will be keeping a close eye on the performance of Snap in its upcoming earnings disclosure. The company's earnings report is set to go public on May 6, 2026. The company's upcoming EPS is projected at $0.09, signifying a 125.00% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $1.52 billion, up 11.43% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.54 per share and a revenue of $6.74 billion, indicating changes of +63.64% and +13.59%, respectively, from the former year.
Any recent changes to analyst estimates for Snap should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 25.66% rise in the Zacks Consensus EPS estimate. Currently, Snap is carrying a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Snap has a Forward P/E ratio of 10.86 right now. This indicates a discount in contrast to its industry's Forward P/E of 19.47.
Also, we should mention that SNAP has a PEG ratio of 0.25. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Internet - Software industry stood at 1.14 at the close of the market yesterday.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 88, positioning it in the top 37% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.