Snap (SNAP - Free Report) closed at $6.40 in the latest trading session, marking a -1.54% move from the prior day. This change lagged the S&P 500's daily gain of 0.33%. Meanwhile, the Dow gained 0.44%, and the Nasdaq, a tech-heavy index, added 0.01%.
Heading into today, shares of the company behind Snapchat had gained 8.51% over the past month, outpacing the Computer and Technology sector's loss of 1.56% and the S&P 500's gain of 0.89% 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. In that report, analysts expect SNAP to post earnings of -$0.08 per share. This would mark year-over-year growth of 38.46%. Meanwhile, our latest consensus estimate is calling for revenue of $375.24 million, up 31.35% from the prior-year quarter.
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.
Investors might also notice 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 company's business and profitability.
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, 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. The Zacks Consensus EPS estimate remained stagnant within the past month. SNAP is holding a Zacks Rank of #2 (Buy) right now.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 31, putting it in the top 12% 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.