Snap (SNAP) Expected to Announce Quarterly Earnings on Tuesday

Snap (NYSE:SNAP - Get Free Report) is projected to announce its Q4 2024 earnings results after the market closes on Tuesday, February 4th. Analysts expect the company to announce earnings of $0.14 per share and revenue of $1.55 billion for the quarter. Snap has set its Q1 2025 guidance at EPS.Individual that are interested in participating in the company's earnings conference call can do so using this link.

Snap (NYSE:SNAP - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.13). Snap had a negative net margin of 18.49% and a negative return on equity of 35.60%. On average, analysts expect Snap to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Snap Stock Down 8.1 %

Shares of Snap stock traded down $0.94 during midday trading on Wednesday, hitting $10.67. The company had a trading volume of 91,014,099 shares, compared to its average volume of 34,022,734. The company has a 50 day moving average of $11.51 and a 200 day moving average of $10.89. The stock has a market capitalization of $17.89 billion, a P/E ratio of -18.39 and a beta of 0.99. Snap has a 52-week low of $8.29 and a 52-week high of $17.50. The company has a debt-to-equity ratio of 1.63, a quick ratio of 4.04 and a current ratio of 4.04.

Insider Activity at Snap

In other news, SVP Eric Young sold 112,020 shares of Snap stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $10.55, for a total value of $1,181,811.00. Following the sale, the senior vice president now directly owns 2,791,048 shares of the company's stock, valued at approximately $29,445,556.40. The trade was a 3.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Rebecca Morrow sold 11,154 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $10.55, for a total value of $117,674.70. Following the transaction, the chief accounting officer now directly owns 465,064 shares of the company's stock, valued at approximately $4,906,425.20. The trade was a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 445,184 shares of company stock valued at $4,968,189.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SNAP. Bank of America increased their price target on shares of Snap from $14.00 to $14.50 and gave the company a "neutral" rating in a report on Wednesday. Cantor Fitzgerald lifted their target price on Snap from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Barclays reaffirmed an "overweight" rating on shares of Snap in a report on Wednesday. UBS Group lifted their price objective on Snap from $12.00 to $13.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Finally, Loop Capital boosted their target price on Snap from $14.00 to $16.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, twenty-three have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Snap presently has a consensus rating of "Hold" and a consensus target price of $36.87.

About Snap

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.