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Snap (SNAP) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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Snap (SNAP - Free Report) closed the most recent trading day at $6.13, moving -4.81% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 1.09%. Meanwhile, the Dow experienced a drop of 0.34%, and the technology-dominated Nasdaq saw a decrease of 2.15%.
Prior to today's trading, shares of the company behind Snapchat had gained 13.98% outpaced the Computer and Technology sector's gain of 1.99% and the S&P 500's gain of 2.44%.
The investment community will be closely monitoring the performance of Snap in its forthcoming earnings report. The company is scheduled to release its earnings on November 4, 2026. In that report, analysts expect Snap to post earnings of $0.16 per share. This would mark year-over-year growth of 166.67%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.72 billion, up 14.33% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.59 per share and revenue of $6.78 billion, indicating changes of +78.79% and +14.35%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Snap. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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. Within the past 30 days, our consensus EPS projection remained stagnant. Snap is currently a Zacks Rank #3 (Hold).
In terms of valuation, Snap is currently trading at a Forward P/E ratio of 10.98. For comparison, its industry has an average Forward P/E of 21.23, which means Snap is trading at a discount to the group.
Investors should also note that SNAP has a PEG ratio of 0.25 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Internet - Software industry was having an average PEG ratio of 1.25.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 81, putting it in the top 33% 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.
View the Zacks #1 Rank List
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Snap (SNAP) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Snap (SNAP - Free Report) closed the most recent trading day at $6.13, moving -4.81% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 1.09%. Meanwhile, the Dow experienced a drop of 0.34%, and the technology-dominated Nasdaq saw a decrease of 2.15%.
Prior to today's trading, shares of the company behind Snapchat had gained 13.98% outpaced the Computer and Technology sector's gain of 1.99% and the S&P 500's gain of 2.44%.
The investment community will be closely monitoring the performance of Snap in its forthcoming earnings report. The company is scheduled to release its earnings on November 4, 2026. In that report, analysts expect Snap to post earnings of $0.16 per share. This would mark year-over-year growth of 166.67%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.72 billion, up 14.33% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.59 per share and revenue of $6.78 billion, indicating changes of +78.79% and +14.35%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Snap. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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. Within the past 30 days, our consensus EPS projection remained stagnant. Snap is currently a Zacks Rank #3 (Hold).
In terms of valuation, Snap is currently trading at a Forward P/E ratio of 10.98. For comparison, its industry has an average Forward P/E of 21.23, which means Snap is trading at a discount to the group.
Investors should also note that SNAP has a PEG ratio of 0.25 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Internet - Software industry was having an average PEG ratio of 1.25.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 81, putting it in the top 33% 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.