Snap (NYSE:SNAP – Get Free Report) will be posting its quarterly earnings results after the market closes on Tuesday, October 29th. Analysts expect Snap to post earnings of $0.05 per share for the quarter. Snap has set its Q3 2024 guidance at EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.
Snap (NYSE:SNAP – Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.02. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.25 billion. Snap had a negative net margin of 23.49% and a negative return on equity of 42.84%. On average, analysts expect Snap to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Snap Price Performance
NYSE SNAP opened at $10.33 on Tuesday. The company has a current ratio of 3.98, a quick ratio of 3.98 and a debt-to-equity ratio of 1.74. The company has a fifty day simple moving average of $9.86 and a 200 day simple moving average of $12.72. The company has a market cap of $17.14 billion, a P/E ratio of -14.35 and a beta of 1.01. Snap has a 1 year low of $8.29 and a 1 year high of $17.90.
Insider Activity at Snap
Wall Street Analyst Weigh In
Several analysts recently issued reports on the stock. The Goldman Sachs Group decreased their price objective on shares of Snap from $16.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $14.00 price target on shares of Snap in a report on Wednesday, September 18th. JMP Securities reissued a “market perform” rating on shares of Snap in a report on Wednesday, September 18th. B. Riley started coverage on shares of Snap in a report on Friday, September 20th. They issued a “neutral” rating and a $11.00 price target for the company. Finally, Citigroup reduced their price target on shares of Snap from $16.00 to $11.00 and set a “neutral” rating for the company in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, twenty-four have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $13.77.
Check Out Our Latest Stock Report on Snap
Snap Company Profile
Snap Inc operates as a technology company in North America, Europe, and internationally. The company offers Snapchat, a visual messaging application with various tabs, such as camera, visual messaging, snap map, stories, and spotlight that enable people to communicate visually through short videos and images.
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