Snap (NYSE:SNAP – Get Free Report) is set to release its earnings data after the market closes on Thursday, April 25th. Analysts expect Snap to post earnings of ($0.05) per share for the quarter. Snap has set its Q1 2024 guidance at EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.
Snap (NYSE:SNAP – Get Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.04. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.39 billion. Snap had a negative net margin of 28.71% and a negative return on equity of 47.47%. On average, analysts expect Snap to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Snap Stock Down 0.2 %
Shares of NYSE SNAP opened at $11.14 on Tuesday. The company has a market capitalization of $18.38 billion, a P/E ratio of -13.42 and a beta of 1.13. Snap has a 52-week low of $7.86 and a 52-week high of $17.90. The company has a debt-to-equity ratio of 1.55, a quick ratio of 4.39 and a current ratio of 4.39. The company’s 50 day moving average price is $11.21 and its 200-day moving average price is $12.78.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Analysis on Snap
Insiders Place Their Bets
In other Snap news, SVP Eric Young sold 120,472 shares of Snap stock in a transaction on Friday, February 16th. The shares were sold at an average price of $11.13, for a total transaction of $1,340,853.36. Following the transaction, the senior vice president now directly owns 3,540,852 shares of the company’s stock, valued at approximately $39,409,682.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, General Counsel Michael J. O’sullivan sold 18,000 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $11.53, for a total value of $207,540.00. Following the transaction, the general counsel now directly owns 474,812 shares of the company’s stock, valued at approximately $5,474,582.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Eric Young sold 120,472 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $11.13, for a total transaction of $1,340,853.36. Following the completion of the transaction, the senior vice president now directly owns 3,540,852 shares in the company, valued at $39,409,682.76. The disclosure for this sale can be found here. Insiders have sold 470,482 shares of company stock valued at $5,284,091 in the last three months.
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.
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