Snap (SNAP - Free Report) closed the most recent trading day at $6.09, moving +0.66% from the previous trading session. This move outpaced the S&P 500's daily loss of 1.82%. Elsewhere, the Dow lost 2.21%, while the tech-heavy Nasdaq lost 1.7%.
Heading into today, shares of the company behind Snapchat had lost 11.55% over the past month, lagging the Computer and Technology sector's loss of 5.96% and the S&P 500's loss of 2.57% in that time.
SNAP will be looking to display strength as it nears 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. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $375.24 million, up 31.35% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.52 per share and revenue of $1.17 billion, which would represent changes of +14.75% and +41.4%, respectively, from the prior year.
Any recent changes to analyst estimates for SNAP should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 5.39% higher. 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 36, which puts it in the top 14% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.