The head of Snapchat operator Snap, Evan Spiegel, presents the new generation of Spectacles in Los Angeles on Sept. 17, 2024. Snap reported better-than-expected third-quarter results on Tuesday, but issued light fourth-quarter guidance. The stock jumped more than 10% in extended trading. Here is how the company did: Earnings per share: 8 cents adjusted vs. 5 cents expected, according to LSEG Revenue: $1.37 billion vs. $1.36 billion expected, according to LSEG Global daily active users: 443 million vs. 441 m ...

Wall Street analysts forecast that Snap (SNAP) will report quarterly earnings of $0.05 per share in its upcoming release, pointing to a year-over-year increase of 150%. It is anticipated that revenues will amount to $1.35 billion, exhibiting an increase of 13.9% compared to the year-ago quarter. The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projectio ...

Snap (SNAP) closed at $10.45 in the latest trading session, marking a +1.75% move from the prior day. The stock outperformed the S&P 500, which registered a daily loss of 0.03%. Meanwhile, the Dow lost 0.61%, and the Nasdaq, a tech-heavy index, added 0.56%. Shares of the company behind Snapchat have depreciated by 2.75% over the course of the past month, underperforming the Computer and Technology sector's gain of 1.65% and the S&P 500's gain of 1.39%. The investment community will be closely monitoring the ...

Snap (SNAP) closed the latest trading day at $10.27, indicating a +1.18% change from the previous session's end. This change outpaced the S&P 500's 0.22% gain on the day. On the other hand, the Dow registered a loss of 0.33%, and the technology-centric Nasdaq increased by 0.76%.Prior to today's trading, shares of the company behind Snapchat had lost 4.15% over the past month. This has lagged the Computer and Technology sector's gain of 2.29% and the S&P 500's gain of 1.47% in that time.Analysts and investor ...

Snap (SNAP) is set to report third-quarter 2024 results on Oct. 29.For third-quarter 2024, Snap expects total revenues between $1.335 billion and $1.375 billion, implying year-over-year growth of 12-16%. Adjusted EBITDA is expected between $70 million and $100 million.The Zacks Consensus Estimate for revenues is currently pegged at $1.35 billion, indicating a 13.9% increase from the year-ago quarter’s reported figure.The consensus mark for earnings has remained unchanged at 5 cents per share in the past 30 ...

Snapchat (NYSE: SNAP ) will report earnings on October 29th. I'm initiating it with a buy before earnings. Despite the soft revenue guidance for Q3, further exacerbating what I'd call shaky investor confidence with an over 18% dip afterI’m a retired Wall Street PM specializing in TMT; my educational background is a bachelor's in Finance and Economics, and an MBA from Columbia, after which I directly began my career on Wall Street. Since kickstarting my career, I’ve spent over two decades in the market navig ...

Snapchat (NYSE: SNAP ) has long defied the old social media rules, failing to grow while avoiding significant deterioration. Usually, social media is a "grow or die" business, as the value of a platform rises and declines proportionally to its number of active users. ShouldHarrison is a financial analyst who has been writing on Seeking Alpha since 2018 and has closely followed the market for over a decade. He has professional experience in the private equity, real estate, and economic research industry. Har ...

In the latest trading session, Snap (SNAP) closed at $10.49, marking a +0.29% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.4%. At the same time, the Dow added 0.09%, and the tech-heavy Nasdaq gained 0.63%.Heading into today, shares of the company behind Snapchat had gained 3.87% over the past month, lagging the Computer and Technology sector's gain of 4.88% and outpacing the S&P 500's gain of 3.76% in that time.Market participants will be closely following the ...

Snap (SNAP) shares have declined 35.3% year to date (YTD), underperforming the broader Zacks Computer and Technology sector’s appreciation of 24.9%.It has also lagged the Zacks Internet – Software industry, and peers like BOX (BOX) , Reddit (RDDT) and Vertex (VERX) .Shares of Vertex, Reddit, and BOX have returned 28%, 48.3%, and 53.4%, respectively, over the same time frame. The industry has appreciated 25% YTD.SNAP shares’ underperformance can be attributed to stiff competition from Meta Platforms, lower b ...

This is supposed to be peak market conditions for tech stocks, with valuations recovering from the 2022 lows and interest rates set to fall. Snapchat (NYSE: SNAP ) may have missed the memo, as the stockJulian is the leader of the investing group Best Of Breed Growth Stocks where he only shares positions in stocks which have a large probability of delivering large alpha relative to the S&P 500. He also combines growth-oriented principles with strict valuation hurdles to add an additional layer to the convent ...