10/7/2023 0 Comments Snap stocktwitsForbes Media, LLC Investor's Business Daily, Inc. Each of the company logos represented herein are trademarks of Microsoft Corporation Dow Jones & Company Nasdaq, Inc. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. ![]() Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.īe sure to follow all of these stock-moving metrics, and many more, on. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. This group has a Zacks Industry Rank of 57, putting it in the top 23% of all 250+ industries. The Internet - Software industry is part of the Computer and Technology sector. The Internet - Software industry currently had an average PEG ratio of 1.73 as of yesterday's close. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Meanwhile, SNAP's PEG ratio is currently 23.57. This valuation marks a premium compared to its industry's average Forward P/E of 42.73. Looking at its valuation, Snap is holding a Forward P/E ratio of 325.22. Snap currently has a Zacks Rank of #3 (Hold). Within the past 30 days, our consensus EPS projection has moved 1.31% lower. 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. 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. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.īased on our research, we believe these estimate revisions are directly related to near-team stock moves. These revisions typically reflect the latest short-term business trends, which can change frequently. Investors might also notice recent changes to analyst estimates for Snap. These totals would mark changes of -76.47% and -2.03%, respectively, from last year. ![]() Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.04 per share and revenue of $4.51 billion. Meanwhile, our latest consensus estimate is calling for revenue of $1.05 billion, down 5.79% from the prior-year quarter. On that day, Snap is projected to report earnings of -$0.04 per share, which would represent a year-over-year decline of 100%. Snap will be looking to display strength as it nears its next earnings release, which is expected to be July 25, 2023. ![]() In that same time, the Computer and Technology sector gained 1.89%, while the S&P 500 gained 3.18%. Meanwhile, the Dow gained 0.14%, and the Nasdaq, a tech-heavy index, added 5.61%.Ĭoming into today, shares of the company behind Snapchat had gained 30.44% in the past month. This change outpaced the S&P 500's 0.85% gain on the day. In the latest trading session, Snap ( SNAP Quick Quote SNAP - Free Report) closed at $13.51, marking a +1.05% move from the previous day.
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