$0.06 Earnings Per Share Expected for Snap Inc. (NYSE:SNAP) This Quarter

Analysts expect that Snap Inc. (NYSE:SNAP) will report earnings of $0.06 per share for the current fiscal quarter, according to Zacks. Nine analysts have made estimates for Snap’s earnings, with the lowest EPS estimate coming in at $0.04 and the highest estimate coming in at $0.08. Snap posted earnings per share of $0.01 in the same quarter last year, which suggests a positive year over year growth rate of 500%. The firm is scheduled to report its next earnings results after the market closes on Thursday, October 21st.

Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover Snap.

Snap (NYSE:SNAP) last posted its earnings results on Thursday, July 22nd. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.28. The firm had revenue of $982.11 million for the quarter, compared to the consensus estimate of $846.57 million. Snap had a negative return on equity of 32.45% and a negative net margin of 22.49%. The business’s quarterly revenue was up 116.2% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.09) earnings per share.

Several research analysts have recently weighed in on SNAP shares. Zacks Investment Research raised shares of Snap from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a report on Monday, July 26th. Guggenheim reaffirmed an “average” rating and issued a $85.00 price target on shares of Snap in a report on Friday, September 24th. The Goldman Sachs Group assumed coverage on Snap in a research note on Monday, September 13th. They issued a “buy” rating and a $90.00 target price on the stock. Royal Bank of Canada assumed coverage on Snap in a research note on Thursday, September 30th. They issued an “outperform” rating and a $88.00 target price on the stock. Finally, Stifel Nicolaus increased their target price on Snap from $84.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, July 23rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirty have given a buy rating to the company’s stock. According to data from MarketBeat, Snap presently has a consensus rating of “Buy” and an average price target of $78.47.

Snap stock opened at $74.95 on Monday. The stock has a market cap of $118.50 billion, a P/E ratio of -146.96 and a beta of 1.27. Snap has a fifty-two week low of $26.68 and a fifty-two week high of $83.34. The firm’s fifty day moving average price is $74.64 and its 200-day moving average price is $66.33. The company has a debt-to-equity ratio of 0.88, a quick ratio of 5.80 and a current ratio of 5.80.

In other news, CTO Robert C. Murphy sold 950,000 shares of Snap stock in a transaction that occurred on Monday, July 26th. The shares were sold at an average price of $75.48, for a total transaction of $71,706,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Michael J. O’sullivan sold 6,000 shares of Snap stock in a transaction that occurred on Thursday, September 30th. The shares were sold at an average price of $73.82, for a total transaction of $442,920.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,191,708 shares of company stock valued at $316,728,536.

Several hedge funds have recently added to or reduced their stakes in the company. Axel Capital Management LLC bought a new stake in shares of Snap during the third quarter valued at approximately $1,477,000. Beacon Financial Group increased its position in shares of Snap by 6.2% during the third quarter. Beacon Financial Group now owns 2,923 shares of the company’s stock valued at $629,000 after acquiring an additional 171 shares in the last quarter. Capital CS Group LLC bought a new stake in shares of Snap during the third quarter valued at approximately $1,835,000. IFM Investors Pty Ltd increased its position in shares of Snap by 5.0% during the third quarter. IFM Investors Pty Ltd now owns 128,328 shares of the company’s stock valued at $9,480,000 after acquiring an additional 6,101 shares in the last quarter. Finally, Koshinski Asset Management Inc. increased its position in shares of Snap by 10.0% during the third quarter. Koshinski Asset Management Inc. now owns 7,103 shares of the company’s stock valued at $525,000 after acquiring an additional 648 shares in the last quarter. Hedge funds and other institutional investors own 52.55% of the company’s stock.

Snap Company Profile

Snap, Inc engages in the operation of its camera platform. Its products include Snapchat, using the camera and editing tools to take and share Snaps, Friends Page, which lets users create and use Stories, Groups, Video and Chat, Discover for searching and surfacing relevant Stories, Snap Map, which shows friends, Stories and Snaps near the user, Memories, for saving personal collections, and Spectacles, wearable sunglasses capable of taking Snaps and interacting directly with the Snapchat application.

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Earnings History and Estimates for Snap (NYSE:SNAP)

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