Snap is holding a Zacks Rank of #3 (Hold) right now.ĭigging into valuation, Snap currently has a Forward P/E ratio of 237.23.
Within the past 30 days, our consensus EPS projection has moved 0.33% higher. It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). This model considers these estimate changes and provides a simple, actionable rating system. Investors can capitalize on this by using the Zacks Rank.
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 should also note any recent changes to analyst estimates for Snap. These totals would mark changes of -76.47% and -2.03%, respectively, from last year.
#Buy snap stock full
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. Our most recent consensus estimate is calling for quarterly revenue of $1.05 billion, down 5.79% from the year-ago period. This would mark a year-over-year decline of 150%.
In that report, analysts expect Snap to post earnings of -$0.05 per share. Snap will be looking to display strength as it nears its next earnings release.
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