Snap (SNAP - Free Report) closed the most recent trading day at $6.90, moving +1.17% from the previous trading session. This change outpaced the S&P 500's 0.56% gain on the day. At the same time, the Dow added 0.76%, and the tech-heavy Nasdaq lost 0.38%.
Heading into today, shares of the company behind Snapchat had lost 12.56% over the past month, lagging the Computer and Technology sector's loss of 8.65% and the S&P 500's loss of 6.76% 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. The company is expected to report EPS of -$0.08, up 38.46% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $375.24 million, up 31.35% from the year-ago period.
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.
It is also important to note the recent changes to analyst estimates for SNAP. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Over the past month, the Zacks Consensus EPS estimate has moved 6.14% higher. SNAP is currently sporting a Zacks Rank of #2 (Buy).
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 50, which puts it in the top 19% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.