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Snap (SNAP) Outpaces Stock Market Gains: What You Should Know

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Snap (SNAP - Free Report) closed at $10.05 in the latest trading session, marking a +1.72% move from the prior day. This move outpaced the S&P 500's daily gain of 0.7%. Elsewhere, the Dow gained 0.58%, while the tech-heavy Nasdaq added 0.69%.

Coming into today, shares of the company behind Snapchat had gained 12.27% in the past month. In that same time, the Computer and Technology sector gained 3.68%, while the S&P 500 gained 1.95%.

SNAP will be looking to display strength as it nears its next earnings release. In that report, analysts expect SNAP to post earnings of -$0.12 per share. This would mark year-over-year growth of 29.41%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $305.51 million, up 32.45% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.29 per share and revenue of $1.56 billion, which would represent changes of +38.3% and +32.15%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for SNAP. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.7% higher. SNAP currently has a Zacks Rank of #3 (Hold).

The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 71, which puts it in the top 28% 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.

You can find more information on all of these metrics, and much more, on Zacks.com.




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