We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Here's What Key Metrics Tell Us About Snap (SNAP) Q3 Earnings
Read MoreHide Full Article
For the quarter ended September 2023, Snap (SNAP - Free Report) reported revenue of $1.19 billion, up 5.3% over the same period last year. EPS came in at $0.02, compared to $0.08 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.1 billion, representing a surprise of +7.72%. The company delivered an EPS surprise of +150.00%, with the consensus EPS estimate being -$0.04.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Snap performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Daily Active Users (DAU) - Total Global: 406 million versus 405.99 million estimated by 10 analysts on average.
Average revenue per user (ARPU) - Total Global: $2.93 versus $2.71 estimated by 10 analysts on average.
Daily Active Users (DAU) - Rest of World: 211 million compared to the 209.13 million average estimate based on eight analysts.
Average revenue per user (ARPU) - Rest of World: $0.96 compared to the $0.92 average estimate based on eight analysts.
Average revenue per user (ARPU) - North America: $7.82 versus $7.17 estimated by eight analysts on average.
Average revenue per user (ARPU) - Europe: $2.11 versus the eight-analyst average estimate of $1.85.
Daily Active Users (DAU) - Europe: 95 million versus 95.41 million estimated by eight analysts on average.
Daily Active Users (DAU) - North America: 101 million compared to the 101.73 million average estimate based on eight analysts.
Geographic Revenue- North America: $786.15 million versus the eight-analyst average estimate of $727.40 million. The reported number represents a year-over-year change of -3.2%.
Geographic Revenue- Rest of World: $202.13 million compared to the $191.82 million average estimate based on eight analysts. The reported number represents a change of +30.4% year over year.
Geographic Revenue- Europe: $200.27 million compared to the $175.24 million average estimate based on eight analysts. The reported number represents a change of +24.4% year over year.
Shares of Snap have returned +10.4% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Here's What Key Metrics Tell Us About Snap (SNAP) Q3 Earnings
For the quarter ended September 2023, Snap (SNAP - Free Report) reported revenue of $1.19 billion, up 5.3% over the same period last year. EPS came in at $0.02, compared to $0.08 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.1 billion, representing a surprise of +7.72%. The company delivered an EPS surprise of +150.00%, with the consensus EPS estimate being -$0.04.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Snap performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Daily Active Users (DAU) - Total Global: 406 million versus 405.99 million estimated by 10 analysts on average.
- Average revenue per user (ARPU) - Total Global: $2.93 versus $2.71 estimated by 10 analysts on average.
- Daily Active Users (DAU) - Rest of World: 211 million compared to the 209.13 million average estimate based on eight analysts.
- Average revenue per user (ARPU) - Rest of World: $0.96 compared to the $0.92 average estimate based on eight analysts.
- Average revenue per user (ARPU) - North America: $7.82 versus $7.17 estimated by eight analysts on average.
- Average revenue per user (ARPU) - Europe: $2.11 versus the eight-analyst average estimate of $1.85.
- Daily Active Users (DAU) - Europe: 95 million versus 95.41 million estimated by eight analysts on average.
- Daily Active Users (DAU) - North America: 101 million compared to the 101.73 million average estimate based on eight analysts.
- Geographic Revenue- North America: $786.15 million versus the eight-analyst average estimate of $727.40 million. The reported number represents a year-over-year change of -3.2%.
- Geographic Revenue- Rest of World: $202.13 million compared to the $191.82 million average estimate based on eight analysts. The reported number represents a change of +30.4% year over year.
- Geographic Revenue- Europe: $200.27 million compared to the $175.24 million average estimate based on eight analysts. The reported number represents a change of +24.4% year over year.
View all Key Company Metrics for Snap here>>>Shares of Snap have returned +10.4% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.