Snap (SNAP) Expected to Announce Quarterly Earnings on Tuesday

Snap (NYSE:SNAP - Get Free Report) is projected to post its quarterly earnings results after the market closes on Tuesday, February 4th. Analysts expect Snap to post earnings of $0.14 per share and revenue of $1.55 billion for the quarter. Parties interested in registering for the company's conference call can do so using this link.

Snap (NYSE:SNAP - Get Free Report) last released its earnings results on Tuesday, October 29th. The company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.03. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. Snap had a negative net margin of 18.49% and a negative return on equity of 35.60%. During the same period last year, the company posted ($0.21) EPS. The business's revenue was up 15.4% on a year-over-year basis. On average, analysts expect Snap to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Snap Price Performance

Shares of NYSE:SNAP traded down $0.05 during midday trading on Friday, hitting $11.31. The company had a trading volume of 23,051,528 shares, compared to its average volume of 28,473,291. Snap has a twelve month low of $8.29 and a twelve month high of $17.50. The stock has a market cap of $18.96 billion, a price-to-earnings ratio of -19.49 and a beta of 0.98. The company has a debt-to-equity ratio of 1.63, a current ratio of 4.04 and a quick ratio of 4.04. The business's 50-day simple moving average is $11.54 and its 200-day simple moving average is $11.03.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SNAP. Stifel Nicolaus cut their target price on Snap from $13.00 to $11.00 and set a "hold" rating for the company in a research note on Monday, October 14th. Cantor Fitzgerald raised their price objective on shares of Snap from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. The Goldman Sachs Group boosted their target price on shares of Snap from $12.00 to $13.50 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Truist Financial raised their price target on shares of Snap from $13.00 to $14.00 and gave the stock a "hold" rating in a report on Wednesday, October 30th. Finally, B. Riley upped their price objective on Snap from $11.00 to $12.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, twenty-two have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $36.99.

Insider Buying and Selling at Snap

In related news, General Counsel Michael J. O'sullivan sold 18,000 shares of Snap stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $10.84, for a total transaction of $195,120.00. Following the sale, the general counsel now directly owns 498,498 shares in the company, valued at $5,403,718.32. This trade represents a 3.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Rebecca Morrow sold 2,812 shares of the company's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $11.44, for a total transaction of $32,169.28. Following the completion of the transaction, the chief accounting officer now owns 430,252 shares of the company's stock, valued at $4,922,082.88. This represents a 0.65 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 427,184 shares of company stock valued at $4,761,369. Insiders own 22.68% of the company's stock.

Snap Company Profile

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.