Snap (SNAP) Scheduled to Post Earnings on Thursday

Snap (NYSE:SNAP) will post its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect Snap to post earnings of ($0.05) per share for the quarter. Snap has set its Q1 2024 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Snap (NYSE:SNAP) last announced its earnings results on Tuesday, February 6th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.04. Snap had a negative return on equity of 47.47% and a negative net margin of 28.71%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.39 billion. On average, analysts expect Snap to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Snap Stock Up 2.3 %

Shares of NYSE SNAP opened at $11.40 on Wednesday. Snap has a 1 year low of $7.86 and a 1 year high of $17.90. The firm has a market cap of $18.82 billion, a price-to-earnings ratio of -13.75 and a beta of 1.13. The company has a debt-to-equity ratio of 1.55, a quick ratio of 4.39 and a current ratio of 4.39. The stock’s 50-day simple moving average is $11.20 and its 200-day simple moving average is $12.80.

Analyst Upgrades and Downgrades

SNAP has been the subject of a number of research reports. Wells Fargo & Company decreased their target price on Snap from $22.00 to $16.00 and set an “overweight” rating for the company in a research note on Wednesday, February 7th. Susquehanna lifted their target price on Snap from $9.50 to $12.00 and gave the company a “neutral” rating in a research note on Wednesday, February 7th. BMO Capital Markets decreased their target price on Snap from $22.00 to $20.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Rosenblatt Securities lifted their target price on Snap from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Wednesday, February 7th. Finally, Stifel Nicolaus reduced their price objective on Snap from $14.00 to $12.00 and set a “hold” rating for the company in a research report on Tuesday, April 16th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $13.86.

Insiders Place Their Bets

In other Snap news, SVP Eric Young sold 120,472 shares of Snap stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $11.13, for a total transaction of $1,340,853.36. Following the transaction, the senior vice president now directly owns 3,540,852 shares in the company, valued at approximately $39,409,682.76. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, SVP Eric Young sold 120,472 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $11.13, for a total transaction of $1,340,853.36. Following the transaction, the senior vice president now directly owns 3,540,852 shares in the company, valued at approximately $39,409,682.76. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Rebecca Morrow sold 9,386 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $11.14, for a total transaction of $104,560.04. Following the transaction, the chief accounting officer now owns 495,526 shares in the company, valued at $5,520,159.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 470,482 shares of company stock worth $5,284,091.

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.